It is not worth for Felda to increase stake anymore. On the bright side it secured vast majority at 1.30 so it is in the money. It can change the board to suit ttself. As vast majority the income will have direct impact on Felda books which is very favorable during this time where cpo price is peaking vs getting a fixed sum annually previously for a leasing fee. The question is if it still important to delist to terminate the lead, maybe not anymore..
Stock: [FGV]: FGV HOLDINGS BERHAD
2021-03-18 12:33 | Report Abuse
It is not worth for Felda to increase stake anymore. On the bright side it secured vast majority at 1.30 so it is in the money. It can change the board to suit ttself. As vast majority the income will have direct impact on Felda books which is very favorable during this time where cpo price is peaking vs getting a fixed sum annually previously for a leasing fee. The question is if it still important to delist to terminate the lead, maybe not anymore..