Friday, 19 July 2013

FGV launches takeover of Pontian United Plantations

Felda Global Ventures Holdings Bhd has launched a takeover offer for unlisted Pontian United Plantations Bhd at RM140 a share or a total of RM1.21bn, given its total issued share capital of 8.65m shares. FGV's pure cash offer for Pontian came 56% higher than the RM90 per share offered by TSH Resources Bhd and the family of Seremban business man Jim Lee Min Huat in June last year. (Financial Daily)

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