PETALING JAYA: Kejuruteraan Samudra Timur Bhd’s (KSTB) proposed disposal of its entire stake in Samudra Oil Services Sdn Bhd to Destini Bhd
for RM80mil in exchange for new shares is considered fair and reasonable, according to independent adviser KAF Investment Bank Bhd.
Consequently, the investment bank has recommended that KSTB’s shareholders vote in favour of the proposed disposal at the group’s forthcoming EGM.
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