PETALING JAYA: Independent ad-viser Hong Leong Investment Bank (HLIB) considers the offer price of RM1.05 per share for Ogawa World Bhd as “reasonable”, duly recommending that Ogawa shareholders accept the offer.
In its independent advice released on Bursa Malaysia yesterday, HLIB noted that the offer price of RM1.05 was below the fair valuation range and represented a discount of between 5.40% and 52.49% of the minimum fair value of RM1.11 and the maximum fair value of RM2.21, respectively.
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