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Analysts: Takeover price for SelProp is attractive


The Wen family, that owns 68.23% of Selangor Properties via its investment vehicle Kayin Holdings Sdn Bhd, raised its proposed selective capital reduction (SCR) and repayment offer price by 30 sen for the second time yesterday.

The Wen family, that owns 68.23% of Selangor Properties via its investment vehicle Kayin Holdings Sdn Bhd, raised its proposed selective capital reduction (SCR) and repayment offer price by 30 sen for the second time yesterday.

PETALING JAYA: The revised takeover price of RM6.30 per share offered by Selangor Properties Bhd ’s controlling shareholder is considered attractive, although it remains below the company’s book value per share, according to analysts.

The Wen family, that owns 68.23% of Selangor Properties via its investment vehicle Kayin Holdings Sdn Bhd, raised its proposed selective capital reduction (SCR) and repayment offer price by 30 sen for the second time yesterday.

   

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