Reject offer, DWA Advisory tells Euro Holdings minority shareholders (Update)

KUALA LUMPUR: Reject the takeover offer, independent adviser DWA Advisory Sdn Bhd told minority shareholders of furniture maker Euro Holdings Bhd as it described the offer of 44 sen a share as “Not Fair”.

DWA said in its independent advice to minority shareholders on Friday the offer price did not reflect the fair value of Euro Holdings shares as indicated in its realised net asset value (RNAV) and was below the market prices.