Mercury Securities advises Kwantas minority shareholders to accept takeover offer

However, Mercury Securities said the proposed SCR was reasonable as it provides an exit opportunity, especially for those holding a significant number of Kwantas shares, to realise their investments.

KUALA LUMPUR: Mecurity Securities Sdn Bhd has advised the minority shareholders of plantation company Kwantas Corporation Bhd to accept the takeover offer of RM1.65 from the major shareholder.

In its independent advice issued on Friday, it said based on the net asset method, it had derived a fair value of Kwantas group of RM1.11bil or RM3.55 per share.