Wednesday, 30 May 2012

Felda Secures 10 Cornerstone Investors, Including Qatar Holding, For US$3 Billion Malaysia IPO - Sources | Fox Business

Malaysian state-owned plantation firm Felda Global Ventures Holdings Bhd. has secured commitments from 10 cornerstone investors, including Qatar Holding LLC, the global investment arm of the Qatar Investment Authority, and Malaysia's Employees Provident Fund for a third of its more than $3.0 billion initial public offering, two people familiar with the matter said Wednesday.

Hong Kong-based funds firm Value Partners Group Ltd. (0806.HK) is also a cornerstone investor, another person familiar with the deal said, joining a list that includes Hong Kong-based insurance giant AIA Group Ltd. (1299.HK) and two state-run funds, the Pilgrim Fund Board and Retirement Fund Inc., the people said.

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