PETALING JAYA: Putrajaya Perdana Bhd’s board of directors advised its shareholders to reject the takeover offer by Utama Banking Group Bhd (UBG) of the remaining 68.6 million shares or 49.1% of the company for RM4.85 cash a share or a total of RM332.7mil in view of the group’s strong growth potential.
In spite of a challenging economy, Putrajaya Perdana has a large order book of RM1.2bil and has a healthy financial position.
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