【319股市】 FGV active, sees surge in trading volume
大象配资官方网站 – 319th[.]com
KUALA LUMPUR (July 14): FGV Holdings Bhd emerged among the top actively traded stocks on the local bourse on Thursday (July 14).
The stock opened one sen or 0.67% higher at RM1.51 at the opening bell, and remained unchanged at the time of writing.
At RM1.51, the plantation giant was valued at RM5.51 billion.
The stock saw a total of 6.14 million shares changing hands.
However, it was unclear what prompted the surge in trading activity.
The plantation group has been in the spotlight recently following an increase in the remuneration for its non-executive directors.
Meanwhile, the Federal Land Development Authority (Felda) resumed its FGV share buying in June and early July 2022, as Felda acquired a cumulative 1.68 million FGV shares on the open market after an over four-month pause.
Felda, which earlier proposed a takeover offer for the remaining shares in the plantation outfit, intends to delist FGV from Bursa Malaysia.
According to FGV’s Bursa filing on July 5, Felda had acquired 1.68 million FGV shares in four tranches, one each on June 29, June 30, July 1 and July 4.
FGV said Felda acquired 175,800 FGV shares on June 29, followed by 500,000 shares each on June 30, July 1 and July 4.
After the acquisitions, FGV said, Felda’s direct stake in FGV was raised to 67.564%.
In a subsequent filing on July 12, FGV said Felda acquired a further four million shares between July 5 and July 8, taking its direct stake in FGV to 67.67%.