PETALING JAYA: Affin Hwang Investment Bank (AHIB), the independent advisor to SP Setia Bhd’s proposed multi-billion ringgit acquisition of sister company I&P Group Sdn Bhd said the deal is fair and reasonable and not detrimental to the non-interested shareholders of the company.
In a Bursa Malaysia announcement yesterday, AHIB recommended that these shareholders vote in favour of the I&P acquisition and the subsequent rights issuance to raise funds.
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