PETALING JAYA: A director of Eastern Pacific Industrial Corp Bhd (EPIC) is not in favour of the takeover offer for the group.
In a recent independent advice circular to EPIC shareholders, it was highlighted that as at Sept 19, EPIC independent non-executive director Wan Salleh Mohd intended to reject the unconditional takeover offer by the oil and gas service provider's major shareholder, namely the Terengganu state government, to acquire the remaining 32.76% in the group for RM3.10 per share cash.
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