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KPF’s sale of FGV shares raises eyebrows

Malaysia

KPF’s sale of FGV shares raises eyebrows

Chester Tay Published on Tue, Feb 07, 2017 / 10:32 AM GMT+8

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KUALA LUMPUR (Feb 7): While views may be divided over whether Koperasi Permodalan Felda Malaysia Bhd’s (KPF) sale of five million shares in Felda Global Ventures Holdings Bhd (FGV) is anything out of the ordinary, the move certainly raises eyebrows.

In a filing with Bursa Malaysia yesterday, FGV said KPF made the disposal on Jan 27 and is left with 206.76 million shares or a 5.67% direct interest in the palm oil conglomerate.

The transacted price was not disclosed. The counter traded between RM1.80 ($0.57) and RM1.89 on the open market on Jan 27, while off-market deals were done at prices ranging from RM1.81 to RM1.89, according to data from Bloomberg.

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KPF’s sale of FGV shares raises eyebrows

Malaysia

KPF’s sale of FGV shares raises eyebrows

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KPF’s sale of FGV shares raises eyebrows

Malaysia

KPF’s sale of FGV shares raises eyebrows

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