AdvertisementAdvertisementBusiness25 Aug 2025 04:05PM (Updated: 25 Aug 2025 04:18PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST KUALA LUMPUR :FGV Holdings, one of the world's biggest palm oil producers, said on Monday that its delisting from the Malaysian bourse will allow it to operate with greater agility and align more closely with its major shareholder.Its current operations, stakeholders' commitments, and community-focused initiatives will continue as planned with no disruption to business activities, the company said in a statement.FGV will officially delist from the main board on August 28 after 12 years as a publicly listed company. The company was taken over by a state-owned body, the Federal Land Development Authority (Felda), after it had gained more than the 90 per cent of the company's shares required for a takeover."This is a strategic move that strengthens our alignment with Felda. It positions us to focus on sustainable growth, operational excellence, and long-term value creation for our stakeholders," said group chief executive officer Fakhrunniam Othman."We remain fully committed to moving forward together with Felda for the benefit of our employees, settlers, and the communities we serve," he added.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST