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Two prospectuses for FGVH?

 | June 13, 2012

One set does not have information required for public listing.

PETALING JAYA: There appears to be two different sets of prospectus for investors in Felda Global Ventures Holdings (FGVH).

A copy obtained by FMT does not contain vital information such as the company’s profit-and-loss statement, its track record and its growth forecast. But several securities companies said their copies came with such information.

Analysts said the discrepancy could be the result of a printing error.

One analyst added that failure to publish the information would be against the rules of the stock exchange.

FGVH will be publicly listed on June 28 with 2.19 billion shares offered at RM4.55 per unit.

Felda chairman Mohd Isa Samad shrugged off the discrepancy in the prospectus, saying all information required for the listing had been published.

“We have put in all the information required,” he told FMT.

The public listing of Felda’s investment arm has been widely criticised, particularly by Pakatan Rakyat, which has said it would short-change farmers in the land authority’s settlement schemes.

Also read:

Felda’s IPO in hot demand


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