PETALING JAYA: Minority shareholders of Tecnic Group Bhd have been advised to reject the takeover offer of 63 sen per share from Rohas-Euco Holdings Sdn Bhd (RE Holdings).
Tecnic Group’s independent board concurred with independent adviser Mercury Securities Sdn Bhd that the offer was “not fair” and “not reasonable”. Accordingly, the board has advised minorities to reject the offer, the plastic product manufacturing company said in a filing with Bursa Malaysia.
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