Adviser tells GHL minority shareholders to reject takeover offer

AmInvestment Bank Bhd, which was appointed by GHL

KUALA LUMPUR: London-based private equity fund Actis’ takeover offer for GHL Systems Bhd is too low, according to an independent adviser.

AmInvestment Bank Bhd, which was appointed by GHL’s board of directors to advise the company’s minority shareholders, said the RM1 a share offer was 39 sen or 28.1% lower than the bank’s ascribed value of RM1.39 per GHL share.