felda global

Felda Global Ventures to be listed on the KLSE next June. What surprise me is, the paper reported a billion dollar profits for 2011 ref.  http://biz.thestar.com.my/news/story.asp?file=/2012/4/27/business/11186939&sec=business.

... "For its financial year ended Dec 31, 2011, (FY11) FGVH's net profit stood at RM1.01bil on revenue of RM7.47bil. This compared with its net profit of RM844.43mil on revenue of RM5.8bil for FY10, and a net profit of RM313.4mil on revenue of RM2.88bil."

The directors are,  the chairman Tan Sri Isa Samad, and  Datuk Sabri Ahmad, Dr Mohd Emir Mavani Abdullah, Datuk Dr Omar Salim, Datuk Yahaya Abdul Jabar, Datuk Shahril Ridza Ridzuan and Datuk Abdul Rahman Ahmad. 

ABOUT  FGVH:
a. It owns 49% interest in Felda Holdings Bhd (FHB), is the largest crude palm oil (CPO) in the world based on production volume.


b. FGVH also boasts having MSM Holdings Bhd, the leading refined sugar producer in Malaysia, as its subsidiary. MSM has a production capacity of 1.1 million tonnes of sugar products. Last year, its production volume stood at 958,377 tonnes.


c. It is the third world largest oil palm plantation operator in the world based on planted land.




MAIN BUSINESS
A. the group currently operates 343,521ha of oil palm plantation estates that managed to produce 5.2 million tonnes of fresh fruit bunches last year.


PRODUCTS
a.  FHB's CPO production last year stood at 3.3 million tonnes.


THE IPO
The total IPO is 2,190 millions, scheduled in Jun 2012.
Public Offer----------------------------- 980 million(44.7%).   


Selected Investors--------------------1,210 millions  (55.3%)


The Public Issue share of 980 million is divided to....
 - local and foreign institution ---- 286.8 millions
- Bumi institution and others ----  419.5
- eligible employee/ peneroka and individual who had help Felda 200.6 (9.2%)
- Other Malaysian Public ------------------ 72.9