PETALING JAYA: The takeover offer by the major shareholders of Major Team Holdings Bhd has been deemed “unfair” but “reasonable” by the independent adviser to the board and the company’s minority shareholders.
TA Securities Holdings Bhd said in a circular that the offer price of 17 sen per share represented a discount of 37.04% against the unaudited net asset per share for the period ended June 30 of 27 sen and a 32% discount against the return net asset value (RNAV) per share.
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