The Federal Land Development Authority (Felda) does not intend to maintain the listing status of FGV Holdings Bhd on the Main Market of Bursa Malaysia upon mandatory takeover offer.

In a press release issued by Maybank Investment Bank Bhd (Maybank IB) on behalf of Felda, it said in the event Felda receives valid acceptances resulting in Felda and its associates holding in aggregate 90 percent or more of FGV shares, an immediate announcement will be made by FGV.

Upon such announcement, Bursa Securities will...