KUALA LUMPUR, FGV Holdings Bhd’s upcoming delisting from Bursa Malaysia on Thursday will mark the start of a new phase for the plantation giant as it returns fully under the control of the Federal Land Development Authority (Felda).
In a statement, FGV said the move is part of its long-term transformation journey, allowing it to operate with greater flexibility while reinforcing its role as a leading agri-business and Malaysia’s national food company.
FGV Holdings Bhd’s delisting from Bursa Malaysia on Thursday is set to mark the beginning of a new chapter for the plantation giant.
FGV stressed that its delisting does not signal the end of its growth story since its 2012 listing but rather a strategic step towards delivering stronger and more sustainable value to stakeholders. Current operations, commitments to partners, and community initiatives will continue without disruption.
“This is a strategic alignment with Felda that enables us to sharpen our focus on sustainable growth, operational excellence, and long-term value creation. We remain fully committed to advancing with Felda for the benefit of our employees, settlers, and the communities we serve,” said group chief executive officer Fakhrunniam Othman.
Once celebrated for staging one of the world’s largest palm oil IPOs in 2012, FGV is now set to be fully delisted at 9am on Aug 28. The exit follows Felda’s acquisition of a 94.97% stake after its takeover offer closed on Aug 15, prompting Bursa Malaysia to suspend FGV’s trading on Aug 22. Felda has also issued a notice to dissenting shareholders, giving them until Jan 15 next year to sell their shares at RM1.30 each.
FGV reaffirmed that strong governance, integrity, and transparency will remain central to its future direction. More than 70% of its fresh fruit bunches (FFB) are sourced from Felda settlers and smallholders, with Fakhrunniam describing them as long-term partners in a legacy built on trust and shared responsibility.
As it transitions into this new chapter, FGV is also spotlighting the people behind its success. In conjunction with Merdeka and Malaysia Day, it has released Warkah Dari Ladang, a short film honouring plantation workers as the unsung heroes of Malaysia’s agri-business. The film, showcasing the nation’s diversity and unity, will be featured across FGV’s social media channels and official websites.
