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Settlers 'make' RM6,000 each.
KUALA LUMPUR: Felda's 112,635 settlers theoretically made a paper gain of almost RM6,000 each from Felda Global Ventures Holdings Bhd's maiden day on Bursa Malaysia yesterday.
Based on the closing price of RM5.30 a share, each settler, who is allocated with 800 shares bought at RM4.55 a piece, made a paper gain of RM600. This, however, does not exclude remisier fee and commission.
On top of that, each settler stands to make a paper gain of another RM5,326 through a trust fund to be set up by the government for their benefit.
Under FGV's listing exercise, 20 per cent of the company is owned by settlers via a trust fund called Tabung Amanah Peneroka to be set …
