THE meek response to an offer from the major shareholder of Rex Industries Bhd to mop up the rest of the shares is a firm indication that the market feels the value of the company is much higher than what is on the table.
Going forward, Rex Industries major shareholder Darmendran Kunaretnam has to prove to the market that they were not wrong by judging that his offer to sweep up the rest of the shares at RM1.65 undervalued the company.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!