IGB to present revised takeover bid to shareholders

Crown jewel: The Mid Valley City is one of IGB’s prized assets. It has 2.7 million sq ft of retail mall and 3.2 million sq ft of prime office space in Kuala Lumpur.

 PETALING JAYA: IGB Corp Bhd will present the revised terms of its takeover offer by Goldis Bhd to its shareholders for deliberation, before making a decision to take it private.

In a filing with Bursa Malaysia yesterday, IGB Corp, which is the owner of Mid Valley Megamall, said that the proposal by its biggest shareholder, Goldis, will be based on the preliminary opinion of independent adviser Kenanga Investment Bank Bhd.