PETALING JAYA: The independent advisor engaged for Amtek Holdings Bhd’s proposed sale of Apparel International Sdn Bhd to Crocodile International Sdn Bhd for RM5.58mil has recommended minority shareholders of Amtek to vote in favour of the proposal at a forthcoming shareholders’ meeting.
Sierac Corporate Advisers Sdn Bhd, the independent advisor, said in a shareholders’ circular that the proposed disposal “is fair and reasonable and not detrimental to the shareholders of Amtek” after assessing and evaluating the proposal.