Storify Feed Feedburner Facebook Twitter Flickr Youtube

ROS Lboard

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


Comments

Readers are required to have a valid Facebook account to comment on this story. We welcome your opinions to allow a healthy debate. We want our readers to be responsible while commenting and to consider how their views could be received by others. Please be polite and do not use swear words or crude or sexual language or defamatory words. FMT also holds the right to remove comments that violate the letter or spirit of the general commenting rules.

The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.

Comments