Takeover offer for Wing Tai Malaysia seen undervalued

House of brands: At present, Wing Tai manages a portfolio of 12 international fashion brands, including Topshop, Topman, Dorothy Perkins, Miss Selfridge, Warehouse and Karen Millen, in Malaysia. In addition, the group’s 45 joint venture with Japan’s Fast Retailing Co Ltd currently operates 38 Uniqlo outlets in the country as well as an online store.

Second-largest shareholder dissatisfied with price

ON the face of it, the general offer for Wing Tai Malaysia Bhd seems like a compelling deal.