PETALING JAYA: Analysts are recommending that stakeholders accept the unconditional takeover offer for Hock Seng Lee Bhd (HSL) at RM1.35 a share.
Hock Seng Lee said in a recent filing with Bursa Malaysia that its joint ultimate offerors 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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!