KUALA LUMPUR: Independent adviser TA Securities and the independent directors of Pimpian Ehsan Bhd (PEB) have advised the minority shareholders to reject the takeover offer of RM1.07 a share.
In the independent advice circular on Monday, the independent directors concurred with TA Securities that the offer was unfair and advised them to reject the offer by Pitahaya (M) Sdn Bhd.
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