Posted by taitaumau > 2020-12-22 21:01 | Report Abuse

Unconditional mandatory offer served on fgv 2-nite, surprisingly fast!!!

Posted by Syndicates > 2020-12-22 21:09 | Report Abuse

Mikecyc Haha Felda still have ard 3 months to play the game loh ...until the agreement with the 2 GLC become unconditional loh ...
22/12/2020 8:32 PM

what would you say if it's already become unconditional? are you living in one day before the present? taking time machine to somewhere but then went to the wrong time?

Posted by lee9fold > 2020-12-22 21:10 |

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Posted by apolloang > 2020-12-22 21:13 | Report Abuse

he is tan sri calvin not clown

Posted by UlarSawa > 2020-12-22 22:02 | Report Abuse

Circumstances by reason of which change has occurred 1. Acquisition of 283,710,100 shares from Urusharta Jamaah Sdn Bhd pursuant to the Conditional Share Purchase Agreement (CSPA) dated 8 December 2020.

2. Acquisition of 222,480,700 shares from Kumpulan Wang Persaraan (Diperbadankan) pursuant to the CSPA dated 8 December 2020.
Nature of interest Direct and Indirect Interest
Direct (units) 1,281,220,600
Direct (%) 35.12
Indirect/deemed interest (units) 452,921,192
Indirect/deemed interest (%) 12.415
Total no of securities after change 1,734,141,792
Date of notice 22 Dec 2020
Date notice received by Listed Issuer 22 Dec 2020

Posted by UlarSawa > 2020-12-22 22:03 | Report Abuse

why so fast. Should we accept the offer and sleep well or fight for higher offer price and reject the offer? any comment from the shareholders at here. Look like Felda is desperate lah. officially own more than 47.53% just in few days only. Correct?

Posted by UlarSawa > 2020-12-22 22:08 |

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Posted by Mikecyc > 2020-12-22 22:43 | Report Abuse

（吉隆坡22日讯）联邦土地发展局（Felda）今日正式提出全购FGV控股（FGV，5222，主板种植股）股权的献议，每股收购价为1.30令吉，并计划私有化FGV控股。

FGV控股向交易所报备，接获了土展局发出的无条件强制收购献议，后者透露无意维持FGV控股的上市地位。

Posted by Mikecyc > 2020-12-22 22:45 |

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Posted by Mikecyc > 2020-12-22 22:48 |

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Posted by Mikecyc > 2020-12-22 22:52 |

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Posted by Mikecyc > 2020-12-22 22:55 |

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Posted by Mabel > 2020-12-22 22:55 | Report Abuse

#calvintaneng So clever mabel

Warren Buffet disciple ?

We are to be greedy when others are fearfully selling

The law of successful investment
22/12/2020 4:35 PM

Absolutely Calvin!

Mabel is a strong believable of Value Investing.

The term Economic MOAT popularized by Warren Buffett, refers to a business' ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share from competing firms.

FGV has these MOAT...

1. FGV is the 3rd largest producers of Crude Palm Oil (CPO) in the world

FGV Palm Upstream business is the largest revenue generator and forms the core of the FGV Group. We manage a total land bank of 439,725 hectares in Malaysia and Indonesia, producing approximately 3 million metric tonnes (MT) of CPO annually.In Malaysia, we have 197 estates located in Selangor, Perak, Pahang, Negeri Sembilan, Johor, Terengganu, Kelantan, Sabah and Sarawak. Meanwhile in Indonesia, our plantation activities are focused in 5 estates located in Central and West Kalimantan. Currently, FGV owns 68 mills across Malaysia, processing over 14 million MT of Fresh Fruit Bunches (FFB) annually, where two-thirds of the FFB are sourced from FELDA settlers and independent smallholders.

2. Trading all over the World

We deliver vegetable oils, processed palm oil and lauric oil to local markets and 200 export destinations such as China, Pakistan and India

3. Palm Oil Downstream

FGV flagship household brand SAJI, has a domestic market share of 34% in the cooking oil segment and has successfully penetrated the cooking oil market in Myanmar, Philippines, Laos, Cambodia, Vietnam and Afghanistan.

4. Rubber

FGV Rubber Industries is one of the largest SMR producers in Malaysia with four factories in Malaysia, latex concentrate factory in Thailand and Cambodia. 60,000 hectares of Plantations. Clients include world-class and global tyre manufacturers such as Michelin, Continental, Bridgestone, Kumho, Goodyear, Giti, Toyo Rubber

5. Renewal Energy

World’s only palm plantation company with 28 biogas plants and first to develop a palm based Bio-Compressed Natural Gas (Bio-CNG) plant

6. Logistics

One of the world’s largest bulking/storage business possesses and modern storage facilities for edible oil with a total capacity of more than 900,000 MT through our 12 liquid terminals located in Malaysia, Indonesia and Pakistan.

7. Integrated Farming

In FGV, Integrated Farming leverages on the palm-based circular economy that taps into the lucrative synergies presented by the Group’s extensive palm oil operations. The business components for Integrated Farming include cash crops, paddy and rice, animal nutrition and protein, livestock and dairy farming.

8. Sugar Business

MSM’s annual production capacity reaches 2.25 million metric tonnes of refined sugar for the domestic and export markets. In 2019, MSM produced 1,073,888 tonnes of refined sugar, of which about 83,341 tonnes are catered for the export market.

9. Research and Development

FGV owns one of the largest oil palm research centres in Southeast Asia, positioning itself as the leader of innovation and scientific research in the oil palm industry.

10. Hugh Land Banks

439,725 hectares of Palm Oil Land and 60,000 hectares of Rubber Land that has low book value compare to the current market rate..

One question to Calvin and the team...

A listed company ( unless exempted) must have a 25% free float. I believe 25% has already been floated in KLSE and taken by us, the retailers..

Right now they have 47% majority. How much do they need to take it private?

Is it 75% or 90%?

Another thing that we all need to be aware is these agencies has paid for the IPO price..

1. EPF
2. Tabung Haji
3. LTAT
4. Perkeso
5. Kerajaan Negeri Pahang
6. PNB ASB

Many of us sure has money in the above agencies in some shape and form. Would you want them to sell at RM 1.30 when they paid more than IPO Price to acquire FGV Shares?

Love to hear from you..

Meow

Posted by Mikecyc > 2020-12-22 22:56 |

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Posted by Mikecyc > 2020-12-22 23:00 |

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Posted by UlarSawa > 2020-12-22 23:00 |

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Posted by Mikecyc > 2020-12-22 23:02 | Report Abuse

在本月8日时，土展局向两家官联机构，即财政部旗下的Urusharta Jamaah和公务员退休基金局（KWAP），提出有条件收购协议，以每股1.30令吉收购FGV控股13.88%。

在完成后，土展局持股数将从36.61%，提升至大约50.49%，按照上市条规，土展局有义务延长无条件强制收购献议，以每股1.30令吉收购余下未持有股权。

不过，在8日的文告中，土展局并无提及是否会维持FGV控股的上市地位。

Posted by Mikecyc > 2020-12-22 23:04 |

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Posted by Mikecyc > 2020-12-22 23:04 |

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Posted by Mikecyc > 2020-12-22 23:06 |

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Posted by Mikecyc > 2020-12-22 23:07 | Report Abuse

Gorek Gorek Gorek kah ...

Posted by lee9fold > 2020-12-22 23:09 | Report Abuse

ular korek lubang saje and conning aorund
what else the ular know?

Posted by Mikecyc > 2020-12-22 23:10 | Report Abuse

GE is otw loh .. sure they want the 2 million settlers family vote .. how many votes are there ???

Posted by Mabel > 2020-12-22 23:29 | Report Abuse

#Mikecyc Haha they have over 50 % ...
22/12/2020 11:00 PM

Mouse,

Right now they have only 47%...

Felda just acquire 12% stake from Kumpulan Wang Persaraan. Total holding now is 47%. The need 90% to take it Private...

9 of Mabel Plantation closed RED today except for FGV and IOI Corp due to Government increased export tax from 6.5% to 8%. Mabel used this opportunity to collect when FGV dive to RM 1.16. It recover just before the market close.

See how terror our FGV..

Have you sold your MHC- Mickey Horrible Counter?

Meow

Posted by 500Bilis > 2020-12-22 23:51 | Report Abuse

Still puzzled is it 10% gain not attractive or there’s much more earning opportunities out there or 1.30 offer is a fake, which resulted in so much condemnation here?

Posted by TheContrarian > 2020-12-22 23:53 | Report Abuse

Breaking news from Bernama : Felda's takeover of FGV has become unconditional, Felda does not intend to maintain listing of FGV.

Posted by Wesley Lim > 2020-12-23 00:59 | Report Abuse

Reject lah of course

Posted by MuttsInvestor > 2020-12-23 01:13 | Report Abuse

just curious about ...Syed Moktar reaction and his plans to take FGV. Not a simple Businessman. And HE does NOT give up easily. Wait till Feb 2021 for more ACTION when FGV have to report their next Quarterly Results. More likely if FELDA wants FGV ... DESPERATELY !!!!!! Then ............ Rm1.30 is just a FANTASY.

Posted by calvintaneng > 2020-12-23 02:29 | Report Abuse

8% CPO TAX FROM JAN 1 TO 31 2021: A LOOK AT HOW IT AFFECTS PALM OIL SHARES IN MALAYSIA, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-12-23-story-h1538342754-8_CPO_TAX_FROM_JAN_1_TO_31_2021_A_LOOK_AT_HOW_IT_AFFECTS_PALM_OIL_SHARE.jsp

Posted by hasbullahali > 2020-12-23 06:57 | Report Abuse

Point to consider. Isnt it better for Felda to buy all FGV now @ market price now than their earlier proposal of RM1.30??

Posted by Steady Punpipi > 2020-12-23 07:23 | Report Abuse

Felda to take FGV private following unconditional takeover offer
Ahmad Naqib Idris
theedgemarkets.com

December 22, 2020 21:03 pm +08

Last time 2014 Encorp takeover privatisation by Felda ...Encorp share price shoot up .

Posted by Mabel > 2020-12-23 07:40 | Report Abuse

Of course it's better for Felda buy now..

That's what they are doing with Urus Harta and KWAP..

However to entice the remaining shares holders they thought it a good offer at RM 1.30 for a premium of 10 %..

Like Mabel ask last night will the remaining shares holders sell at RM 1.30 when many of them bought FGV at IPO price?

Meow

Posted by Mabel > 2020-12-23 07:41 | Report Abuse

Calvin

Thanks for sharing your research..

Mabel still bullish on the Plantation Sectors

Meow

Posted by influenza19 > 2020-12-23 07:47 | Report Abuse

FELDA will benefit from this as Commodity price especially cpo price currently are generating a lot profit and estimated this will countinue a long 1H2021 maybe even more if the economy can recover at faster pace.
Just FGV starting to generate profit they take it private, while FGV market price still low. Plus history show that comodity will rally during economy recovery period.
I think this is clever move by FELDA.
RM 1.30 to make it attractive to investor who buy at lower price to accept but actually the market price can shoot up even more if CPO price maintain above RM 2500.
The question is, will institutional/long investor who buy at higher price accept this offer. If you look at FGV graph the last 5 years, FGV price are around RM1.50 to RM 1.70.

Posted by Steady Punpipi > 2020-12-23 07:51 | Report Abuse

Dont forget little sister MSM sugar also will move up today

Posted by Steady Punpipi > 2020-12-23 08:08 | Report Abuse

On Dec 8, Felda announced that it was planning to launch the takeover offer if it succeeded in acquiring a 6.1% stake held by Retirement Fund Inc (KWAP) and a 7.78% interest held by Urusharta Jamaah Sdn Bhd for RM658 million cash.

The acquisitions would raise Felda's stake to 50.49%, thus triggering the requirement for the agency to extend the unconditional mandatory takeover offer.

The acquisitions would raise Felda's stake to 50.49%!!! Unless minority can beat 50.50% , better keep quite and accept the take over offer !

Posted by calvintaneng > 2020-12-23 08:09 | Report Abuse

Steady Punpipi Dont forget little sister MSM sugar also will move up today
23/12/2020 7:51 AM


SEE MSM SUGAR FACTORY OWNED BY FGV BOOK VALUE AT 7.2 SEN PSF


FGV (5222) GOT LANDS IN TANJUNG LANGSAT INDUSTRIAL PARK BOOK VALUE ONLY 7.2 SEN PSF SHOW UNDERVALUATION Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-12-23-story-h1538344398-FGV_5222_GOT_LANDS_IN_TANJUNG_LANGSAT_INDUSTRIAL_PARK_BOOK_VALUE_ONLY_7.jsp

Posted by Mabel > 2020-12-23 08:18 | Report Abuse

Felda has a debt AROUND 10.2 billion. Still want to take it Private?

Which bank will help them to buy the remaining 49.51%?

Posted by Mabel > 2020-12-23 08:22 | Report Abuse

TOP HOLDINGS

Lembaga Kemajuan Tanah Persekutuan
1,227,950,992 (33.660%)
Urusharta Jamaah Sdn Bhd
304,689,000 (8.352%)
Kumpulan Wang Persaraan
222,480,700 (6.098%)
Pahang State Government
182,407,575 (5.000%)
Koperasi Permodalan FELDA Malaysia Berhad
173,340,508 (4.751%)

INSTITUTION HOLDINGS

Lembaga Kemajuan Tanah Persekutuan (Government Institution)
1,227,950,992 (33.660%)
Urusharta Jamaah Sdn Bhd (Private Investment Firm)
304,689,000 (8.352%)
Kumpulan Wang Persaraan (Private Investment Firm)
222,480,700 (6.098%)
Pahang State Government (Government Institution)
182,407,575 (5.000%)
Koperasi Permodalan FELDA Malaysia Berhad (Private Investment Firm)
173,340,508 (4.751%)

STRATEGIC HOLDINGS

Sawit Kinabalu Sdn Bhd (Private Company)
82,610,989 (2.264%)
Ekuiti Yakinjaya Sdn Bhd (Private Company)
20,869,113 (0.572%)

INDIVIDUAL HOLDINGS

Tan, Kin-Yan
36,884,500 (1.011%)
Mr. Bin Hassan, Haris Fadzilah
50,000 (0.001%)
Dr. Bin P. Ali Thambi, Mohamed Nazeeb
7,000 (0.000%)
Mr. Bin Abdul Hamid, Wira Azhar
0 (0.000%)

FUNDS HOLDINGS

Vanguard STAR Funds - Vanguard Total International Stock ETF (Public Fund)
30,166,350 (0.827%)
Vanguard Investment Series Public Limited Company - Vanguard Emerging Markets Stock Index Fund (Public Fund)
29,269,057 (0.802%)
Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF (Public Fund)
25,898,957 (0.710%)
CIMB Islamic DALI Equity Growth Fund (Public Fund)
20,516,300 (0.562%)
Amanah Saham Bumiputera (Public Fund)
20,000,000 (0.548%)

Do you think the above will sell at RM 1.30?

Posted by UlarSawa > 2020-12-23 08:23 |

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Posted by calvintaneng > 2020-12-23 08:23 | Report Abuse

Read the Qtr report

Rm4 billion debt is a rent from Felda for it's 99 year land lease

Rest of Rm5 billions?

sap sap sui

All the cash and Assets if revalued like what cab chakaran did will be at least Rm50 billions or more

Fgv is another gold taken private at the value of silver

This is privatise profit

In Malaysia Companies will nationalise losses but privatise profits

If a company suffer losses they issue shares as Rights Issue to ask for money

If a company has hidden value asset or profit ?

They will take it private quickly

Posted by UlarSawa > 2020-12-23 08:25 |

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Posted by Steady Punpipi > 2020-12-23 08:28 | Report Abuse

Guarantee profits by Msia Gov Felda of rm1.30 at this tough covid time ...who doesnt want to make profit even 5% profit will create herd buying not to mention from rm1.18 to rm1.30 its a whopping 10% !!!

Posted by UlarSawa > 2020-12-23 08:29 | Report Abuse

prolong fight between felda and fgv minority will happen or not? lets wait and see lah. see how is the response when the offer date started until 2 days before the offer date expiry. Felda will update the acceptance offer whenever there is minorities accepted the offer. If not many accept the offer. Maybank will issue another revise offer price on behalf of felda or not? Lets wait and see. Correct?

Posted by UlarSawa > 2020-12-23 08:35 | Report Abuse

today morning all the late comers jump queue want to grab the FD offer by felda. why so late then come to grab the FD offer. Interest rate getting lower as time getting closer to the offer letter date. First come first serve basis. Correct?

Posted by Steady Punpipi > 2020-12-23 08:36 | Report Abuse

The acquisitions would raise Felda's stake to 50.49%!!! Unless minority can beat 50.50% , better keep quite and accept the take over offer !

Posted by Steady Punpipi > 2020-12-23 08:40 | Report Abuse

MSM sugar will be next to goreng

Posted by pineapple123 > 2020-12-23 08:45 | Report Abuse

Felda large queuing for more shares. Unconditional take over at 1.30 is not a good bargain for shareholders but a very good bargain for Felda

Posted by UlarSawa > 2020-12-23 08:51 | Report Abuse

Felda grabbing all the fgv shares on offer in the open market to increase their shareholding as much as possible Felda will not offer about rm1.30 at open market else will trigger higher offer price if felda does that. Correct?

Posted by wehcant > 2020-12-23 08:53 | Report Abuse

"However, the delisting of FGV will only go through if Felda and its associates are able to acquire in aggregate 90% or more of FGV's shares in the takeover offer at RM1.30 per share."

In other words, the delisting will not JADI. Cheeky move to acquire FGV at dirt cheap rates knowing that the price will shoot up high in the near future.