KUALA LUMPUR: FGV Holdings Bhd’s delisting from Bursa Malaysia on Thursday is set to mark the beginning of a new chapter for the plantation giant.
This allows it to operate with greater agility while strengthening its role as a leading agri-business and Malaysia’s food company, FGV said in a statement.
The company said the delisting is not the end of its growth story since its listing in 2012 but part of a transformational journey that positions it to deliver stronger long-term value for stakeholders.
FGV reaffirmed that its current operations, stakeholders’ commitments, and community-focused initiatives will continue as planned, with no disruption to business activities.
“This is a strategic move that strengthens our alignment with Federal Land Development Authority’s (Felda). It positions us to focus on sustainable growth, operational excellence, and long-term value creation for our stakeholders.
“We remain fully committed to moving forward together with Felda for the benefit of our employees, settlers, and the communities we serve,” said its group chief executive officer Fakhrunniam Othman.
FGV, once billed as one of the world’s largest palm oil initial public offerings when it listed in 2012, now returns fully to Felda’s control.
FGV’s entire issued share capital will be removed from Bursa’s official list at 9am on Aug 28.
This comes after Felda secured a 94.97 per cent stake in FGV at the close of its unconditional takeover offer on Aug 15, triggering a suspension in trading of the counter on Aug 22.
Felda subsequently served notice to dissenting shareholders, giving them until Jan 15 next year to require the state agency to buy their remaining shares at RM1.30 each.
Meanwhile, FGV underscores that integrity, governance, and transparency will remain central to its transformation journey.
It said it is committed to embedding the highest standards of governance across its operations, ensuring that every decision is guided by accountability, trust, and the long-term interests of its stakeholders.
“Felda settlers are not just suppliers of fresh fruit bunch (FFB) to FGV. They are our partners in every step of our journey.
“Today, more than 70 per cent of our FFB comes from Felda settlers and smallholders, and this partnership is about much more than numbers. It is built on trust, shared responsibility, and a legacy we are proud to carry forward together,” Fakhrunniam added.
As FGV embarks on this new chapter, the company also reflects on the heart of its mission, which is the people who drive its success.
In conjunction with the upcoming 68th Merdeka and Hari Malaysia celebration, FGV launched ‘Warkah Dari Ladang’, a short film that celebrates the dedication of plantation workers, who are the unsung heroes of Malaysia’s agri-business sector.
Reflecting Malaysia’s diversity, the film portrays how individuals of different backgrounds and cultures come together, united by the same purpose to build a better future for their families and for the nation.
‘Warkah Dari Ladang’ will be prominently featured across FGV Holdings’ social media platforms as well as at its official websites.
© New Straits Times Press (M) Bhd
