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Felda Targets $6.9 Billion Market Value on Malaysia Listing

Felda Global Ventures Holdings Bhd., Malaysia’s biggest plantation operator, aims to file documents this week for the nation’s biggest initial share sale in more than a year, the parent company’s chairman said.

The palm oil, cocoa and rubber producer may have a market capitalization of about 21 billion ringgit ($6.9 billion) upon listing, Mohd Isa Abdul Samad, head of Felda Holdings Bhd., said in a telephone interview yesterday, confirming a Bernama report. Kuala Lumpur-based Felda Global should be listing on May 10, he said, without disclosing the amount the unit is seeking to raise.