PETALING JAYA: The Tan family’s attempt to tighten their grip on the crown jewel parked under IGB Corp Bhd will likely be met with resistance from minority shareholders, as the takeover offer made through Goldis Bhd has been deemed as unattractive by most market players.
Goldis’ offer of RM2.88 cash per IGB share is said to substantially undervalue the assets of the property development and investment company.
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