Felda Global Ventures Holdings Bhd
Published: Thursday May 31, 2012 MYT 9:24:00 AM
Updated: Thursday May 31, 2012 MYT 9:44:21 AM
Felda Global Ventures's retail offering at RM4.55 a share (Update)
By Joseph Chin
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGVH) said the initial public offering (IPO) of 2.188 billion shares would involve an institutional offering of up 1.915 billion shares to institutions.
According to the prospectus issued on Thursday, the retail offering will be 273.61 million shares. The retail price is RM4.55 per share and subject to refund to the difference if the final retail price is less than the retail price.
The 2.188 billion shares under the IPO are in conjunction with the listing of the entire 3.648 billion shares of RM1 each on the Main Market of Bursa Malaysia Securities Bhd, comprising an offer for sale of up to 1.208 billion existing shares and a public issue of 980 million new shares......
http://biz.thestar.com.my/news/story.asp?file=/2012/5/31/business/20120531094033&sec=business
FGVH to list on June 28: Source
Posted on 29 May 2012 - 05:39am
Kang Siew Li
sunbiz@thesundaily.com
PETALING JAYA (May 29, 2012): Felda Global Ventures Holdings Bhd (FGVH), the world's third-largest oil palm plantation operator, will be launching its prospectus on Thursday, with listing targeted for June 28, a source toldSunBiz yesterday.
"The retail price is touted to be RM4.65, subject to the final institutional price which will be determined by a book-building exercise (which ends on June 15)," said the source.
FGVH's initial public offering (IPO) consists of 2.19 billion shares, comprising a public issue of up to 980 million shares and an offer for sale of up to 1.21 billion shares. The IPO would raise as much as RM4.56 billion based on RM4.65 a share.
Reuters reported on May 16 that Felda's IPO had attracted cornerstone investors such as Louis Dreyfus, Fidelity Investments, Hong Kong's Value Partners, tycoon Tan Sri Quek Leng Chan, Permodalan Nasional Bhd and the Employees Provident Fund......
http://www.thesundaily.my/news/391007
FGVH locks in Qatar Holding as cornerstone, source says
May 30, 2012
KUALA LUMPUR, May 30 — Qatar Holding LLC, a unit of the Gulf nation’s sovereign wealth fund, has agreed to take part in the planned US$3 billion (RM9 billion) listing of Felda Global Ventures Holdings Bhd as a cornerstone investor, a source with direct knowledge of the deal told Reuters.
It would be the first time a Middle Eastern sovereign fund has acted as a cornerstone in a Malaysian initial public offering (IPO).
The world’s No.3 palm plantation operator is preparing for its market debut at the end of June, one of the world’s largest after Facebook’s US$16 billion listing in mid-May.
“They are taking quite a substantial stake,” the source said, declining to elaborate further as the talks are confidential.....
http://www.themalaysianinsider.com/litee/business/article/fgvh-locks-in-qatar-holding-as-cornerstone-source-says/
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