Independent adviser Kenanga Investment Bank Bhd advised the minority shareholders of mid-sized property company Amverton Bhd to accept the takeover offer at RM1.20 a share from its founder and controlling shareholder Tan Sri Ng Thian Hock.
KUALA LUMPUR: The minority shareholders of mid-sized property company Amverton Bhd have been advised to accept the takeover offer at RM1.20 a share from its founder and controlling shareholder Tan Sri Ng Thian Hock(pic).
The independent adviser Kenanga Investment Bank Bhd
said yesterday that the RM1.20 a share offer was not fair as it was a significant discount of 68.34% to the estimated fair value per Amverton Share of RM3.79.
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