Latest news with #FederalLandDevelopmentAuthority
The Star
4 days ago
- Business
- The Star
FGV takeover offer extended
The acceptance deadline for the takeover offer has been extended to Aug 15, 2025. PETALING JAYA: The Federal Land Development Authority (Felda) has decided to extend the acceptance deadline for its takeover offer of FGV Holdings Bhd to Aug 15, 2025. In a notice issued by Maybank Investment Bank Bhd on behalf of Felda, it said the deadline was extended from 5pm on July 7. Felda has proposed a cash consideration of RM1.30 per share for all outstanding shares in FGV not currently held by the agency. As at 5pm on July 3, Felda and its parties acting in concert collectively owned 89% of FGV's equity, amounting to 3.24 billion shares.
Malaysian Reserve
01-07-2025
- Business
- Malaysian Reserve
Ahmad Shabery's contract as Felda chairman expires yesterday
KUALA LUMPUR — Datuk Seri Ahmad Shabery Cheek's (picture) contract as Federal Land Development Authority (Felda) Chairman expired yesterday (June 30). Felda, in a statement today, announced that Ahmad Shabery's last task as chairman was presiding over the Felda Supreme Management Meeting held yesterday. 'During his two years at the helm of Felda, he has played a major role in strengthening the ecosystem between Felda and its subsidiaries, especially in expediting the delisting of FGV Holdings Berhad, thus restoring the confidence of strategic partners and enhancing Felda's image and prestige. 'His approach is translated through the idea of 'Everything Felda', which is now the core of unifying the organisation and the community,' read the statement. The Felda management and employees expressed their appreciation for Ahmad Shabery's services, dedication and leadership throughout his tenure as Felda Chairman. Ahmad Shabery was appointed as Felda Chairman on July 1, 2023. — BERNAMA
New Straits Times
01-07-2025
- Business
- New Straits Times
Ahmad Shabery's contract as Felda chairman expires yesterday
KUALA LUMPUR: Datuk Seri Ahmad Shabery Cheek's contract as Federal Land Development Authority (Felda) Chairman expired yesterday (June 30). Felda, in a statement today, announced that Ahmad Shabery's last task as chairman was presiding over the Felda Supreme Management Meeting held yesterday. "During his two years at the helm of Felda, he has played a major role in strengthening the ecosystem between Felda and its subsidiaries, especially in expediting the delisting of FGV Holdings Bhd, thus restoring the confidence of strategic partners and enhancing Felda's image and prestige. "His approach is translated through the idea of 'Everything Felda', which is now the core of unifying the organisation and the community," read the statement. The Felda management and employees expressed their appreciation for Ahmad Shabery's services, dedication and leadership throughout his tenure as Felda chairman. Ahmad Shabery was appointed as Felda chairman on July 1, 2023. – Bernama
The Sun
25-06-2025
- The Sun
Felda Land scheme officer charged with cheating senior citizen
SEREMBAN: A Federal Land Development Authority (Felda) Land Scheme officer pleaded not guilty at the Sessions Court here today to a charge of cheating a senior citizen in relation to repair works at a rubber collection centre two years ago. Eddy Khirin Bunaim, 45, entered the plea after the charge was read before Judge Darmafikri Abu Adam. He is accused of deceiving a 68-year-old man into signing a Felda Lui Selatan 1 Village Development and Security Committee cheque, supposedly for a RM12,000 payment to a supplier. The payment was purportedly intended as an advance for repair works at the Felda Lui Selatan 1 and 2 Rubber Collection Centres, even though the said supplier had not been appointed to carry out the works. The offence was allegedly committed at a bank branch in Bahau on March 16, 2023. He was charged under Section 420 of the Penal Code, which carries a sentence of between one and ten years' imprisonment, with caning, and a fine upon conviction. Malaysian Anti-Corruption Commission (MACC) prosecuting officer Zainab Yahaya proposed bail at RM15,000, with an additional condition requiring the accused to report to the nearest MACC office monthly until the conclusion of the trial. The accused, who was unrepresented, appealed for minimal bail on the grounds that he is the sole provider for four school-going children and is currently pursuing further studies. The court allowed bail at RM5,000 with one surety and imposed the additional conditions. The case has been fixed for mention on August 14.
The Star
25-06-2025
- The Star
Felda land scheme officer charged with cheating senior citizen
SEREMBAN: A Federal Land Development Authority (Felda) Land Scheme officer pleaded not guilty at the Sessions Court here Wednesday (June 25) to a charge of cheating a senior citizen in relation to repair works at a rubber collection centre two years ago. Eddy Khirin Bunaim, 45, entered the plea after the charge was read before Judge Darmafikri Abu Adam. He is accused of deceiving a 68-year-old man into signing a Felda Lui Selatan 1 Village Development and Security Committee cheque, supposedly for a RM12,000 payment to a supplier. The payment was purportedly intended as an advance for repair works at the Felda Lui Selatan 1 and 2 Rubber Collection Centres, even though the said supplier had not been appointed to carry out the works. The offence was allegedly committed at a bank branch in Bahau on March 16, 2023. He was charged under Section 420 of the Penal Code, which carries a sentence of between one and 10 years' imprisonment, with caning, and a fine upon conviction. Malaysian Anti-Corruption Commission (MACC) prosecuting officer Zainab Yahaya proposed bail at RM15,000, with an additional condition requiring the accused to report to the nearest MACC office monthly until the conclusion of the trial. The accused, who was unrepresented, appealed for minimal bail on the grounds that he is the sole provider for four school-going children and is currently pursuing further studies. The court allowed bail at RM5,000 with one surety and imposed the additional conditions. The case has been fixed for mention on Aug 14. - Bernama
