Fair and reasonable' is an important term in Corporate Malaysia. Do we understand it?
THE outcome of the Asia Pacific Land Bhd (AP Land) EGM on Oct 25 suggests that we haven't been attentive enough to the views of directors and advisers on the fairness and reasonableness of certain deals of listed companies. In fact, in the past two months, there have been several similar cases of dissonance in the recommendations dispensed by boards and independent advisers. Here are the details:
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