FGV Says Delisting Will Allow Greater Flexibility

FGV Holdings said its delisting from Bursa Malaysia will allow the company to operate with greater flexibility and align more closely with its major shareholder.

The company said its current operations, stakeholder commitments, and community initiatives will continue as planned without disruption to business activities.

FGV is scheduled to be officially delisted from the Main Market on August 28, after 12 years as a listed company.

The company was acquired by the Federal Land Development Authority (FELDA) after FELDA secured more than 90% of its shares.

Group chief executive Fakhrunnizam Othman said the move supports sustainable growth, operational excellence, and long-term value creation.

Source: Reuters