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CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT
DIRECTORS’ REPORT
IMMEDIATE HOLDING COMPANY
The Directors regard FGV Holdings Berhad, a company incorporated in Malaysia and listed on the Main Market of Bursa Malaysia
Securities Berhad as the immediate holding company.
ULTIMATE HOLDING BODY
As disclosed in Note 41(b) to the financial statements, following the unconditional mandatory take over offer from Federal Land
Development Authority (“FELDA”) and subsequent to the completion of the acquisition of FGV Holdings Berhad’s (“FGVH”) shares
from Urusharta Jamaah Sdn. Bhd. and Kumpulan Wang Persaraan (Diperbadankan) on 24 December 2020, the shareholding of
FELDA in FGVH increased to approximately 35.12% and the collective shareholding of FELDA and the Persons Acting in Concerts
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in FELDA increased to approximately 50.49%. Consequently, FELDA is deemed as the ultimate holding body of FGVH.
The Directors regard FELDA, a body set up under the Land Development Act 1956, as the ultimate holding body of the Company.
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
AUDITORS
The auditors, PricewaterhouseCoopers PLT (LLP0014401 - LCA & AF 1146), have expressed their willingness to continue in office.
This report was approved by the Board of Directors on 25 March 2021. Signed on behalf of the Board of Directors:
DATUK SYED HISHAM SYED WAZIR CHOY KHAI CHOON
CHAIRMAN DIRECTOR
Kuala Lumpur
