The Federal Land Development Authority (Felda) has extended its offer period to Mar 15, 2021, in obtaining 90 percent of shares of FGV Holdings Bhd in its mandatory take-over.

Maybank Investment Bank Bhd (Maybank IB) on behalf of Felda said as of 5pm today, Felda managed to secure 76.32 percent or 2.78 million shares from the 90 percent needed.

“On behalf of the offerer, we, Maybank IB, wish to notify...