Will QL ever get Lay Hong? What options are there should it fail in takeover bid?

THE Yap family rejecting the buyout offer from QL Resources Bhd for Lay Hong Bhd only confirms suspicions that the attempted buyout is far from a done deal.

With a 45% shareholding in poultry player Lay Hong, the founding Yap family is firmly entrenched in the company and clearly doesn’t think that the RM3.50 per share offer price by QL is valuing the company sufficiently.