Unisem, which plunged 18%, the biggest drop since the company
PETALING JAYA: The board of Unisem (M) Bhd
has advised minority shareholders of the semiconductor company to reject a takeover offer led by the founders and a few China-based buyers.
The board concurred with independent adviser Public Investment Bank’s evaluation and recommendation that the offer is “not fair” and “not reasonable” and recommends the minority shareholders to reject the offer.
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