On June 28, Rengit Capital acquired a 50.47% stake in Leweko(pic), triggering an unconditional mandatory take-over offer for the remaining stake.
PETALING JAYA: Rengit Capital Sdn Bhd’s takeover offer for Leweko Resources Bhd at 18 sen a share is not fair, but reasonable, says independent adviser UOB Kay Hian Securities (M) Sdn Bhd (UOBKH).
In its independent advice to minority shareholders of Leweko, which is involved in property developing and precast concrete, UOBKH recommended that the minority shareholders accept the takeover offer.
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