PETALING JAYA: The board of Shell Refining Co (Federation of Malaysia) Bhd (SRC) has told its minority shareholders to hang on to their shares in the company.
This is after an independent adviser, AmInvestment Bank Bhd, said that Malaysia Hengyuan International Ltd’s buyout offer of RM1.92 a share was too low.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!