Analysts recommend investors accept Hock Seng Lee privatisation offer

KUALA LUMPUR: Analysts are recommending that stakeholders accept the unconditional takeover offer for Hock Seng Lee Bhd at RM1.35 a share.

Hock Seng Lee said in a bourse filing yesterday that its joint ultimate offerers comprising Datuk Yu Chee Hoe, Tan Sing Ngiik, Vincent Yu Yuong Yih and Tony Yu Yuong Wee had made a voluntary offer of RM1.35 a share to acquire all the remaining 86.9 million shares or 15.8% stake not held by them.