THHE holders advised to vote in favour of exempting UJSB from doing MGO

The non-interested directors of THHE also concurred with KAF Investment Bank’s rationale to exempt USJB.

KUALA LUMPUR: Shareholders of TH Heavy Engineering Bhd (THHE) have been advised to vote in favour of exempting Urusharta Jamaah Sdn Bhd (UJSB) from undertaking a mandatory takeover offer.

KAF Investment Bank, in its independent advice to non-interested shareholders, said the proposed exemption is “fair and reasonable and is not detrimental to the interests of the non-interested shareholders”.