All eyes on Mulpha takeover bid

“Minority shareholders are advised to wait for the report and recommendations of the professional independent advisers so that they may be able to make an informed decision,” said Minority Shareholders Watchdog Group chief executive officer Devanesan Evanson

PETALING JAYA: The takeover offer by the Lee family for Mulpha International Bhd confirms the notion that bearish market conditions can lead to more privatisations or buyouts of public listed companies.

That, in turn, is premised largely on the fact that many listed companies are trading at gaping discounts to their underlying values.