Batu Kawan’s CCM offer unfair but reasonable

DWA Advisory Sdn Bhd, in an independent advice to the shareholders of CCM, said although CCM’s shares will remain traded on Bursa Securities, shareholders, especially those with large blocks of shares, may have limited opportunities or require a longer time to dispose of them in the open market.

PETALING JAYA: The RM3.10 offer by Batu Kawan Bhd for the unconditional mandatory takeover of Chemical Co of Malaysia Bhd (CCM) is not fair but shareholders have been advised to accept it as it is reasonable.

DWA Advisory Sdn Bhd, in an independent advice to the shareholders of CCM, said although CCM’s shares will remain traded on Bursa Securities, shareholders, especially those with large blocks of shares, may have limited opportunities or require a longer time to dispose of them in the open market.