KUALA LUMPUR: Paragon Union Bhd’s independent directors and independent adviser have urged the minority shareholders to reject the takeover offer by AKK Capital Sdn Bhd at 55 sen a share.
In the executive summary of the circular to shareholders on Thursday, they said the offer is not fair as it is 70 sen or 56% below the realised net asset value of the shares of RM1.25.
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