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Felda Global Prices IPO At M$4.55 Each

Thursday, 14 June 2012
* Felda Global Ventures Holdings, the world's third largest operator of palm oil plantations, has priced its IPO at M$4.55 each to institutional investors in the biggest IPO since Facebook Inc

* Felda Global is selling 1.1 billion shares to 12 cornerstone investors who have pledged to hold the shares for a minimum of 180 days

* Felda manages estates for the Federal Land Development Authority and has about 355,864 hectares (878,984 acres) of plantations in Malaysia in addition to land in Indonesia

* Felda also has palm oil refining businesses in China, Indonesia, Turkey and South Africa

* The IPO is Southwast Asia's largest since Petronas Chemicals Group raised a record M$12.8 billion ringgit in 2010

* Facebook completed a $16 billion IPO in May

* This week Malaysia's Integrated Healthcare Berhad, Asia's biggest hospital operator secured cornerstone investors for its $2 billion IPO which includes Singapore's GIC and AIA Group

* Billionaire Ananda T. Krishnan is considering a $1.5 billion IPO for Malaysian pay-TV broadcaster Astro All Asia Networks Plc


To participate in the Felda Global and Integrated Healthcare IPOs as well as the potential upcoming Astro IPO, email: ashwin@ppchk.net for details

Global Market Videos

Felda Global Venture Holdings Berhad launch prospectus

Added Date:
14 June 2012
Length:
03:13

From 255.37mil retail offering, Felda settlers and staff have been allocated with 182.40mil shares while the public can acquire 72.96mil shares.