Gnanalingam offers to take over Maika at 80 sen per share

KUALA LUMPUR: Tan Sri G. Gnanalingam is offering to take over Maika Holdings Bhd at 80 sen per share, which he said reflected the original investment value of RM1 per share after taking into account the 25 million bonus shares issued over the years.

Gnanalingam said the offer price was fair considering the Maika saga had been a long standing issue that went back over 26 years.