HLFG's RM1.71 offer for HL Cap share 'fair, reasonable'

KUALA LUMPUR: Affin Investment Bank has advised the minority shareholders of Hong Leong Capital Bhd (HLCap) to accept the takeover offer from parent Hong Leong Financial Group Bhd (HLFG) of RM1.71 cash per share.

In its independent advice circular issued on Thursday, the investment bank described the cash offer as "fair" and "reasonable".