MAHB shareholder expresses doubt over takeover bid

“This offer was opportunistic,” and there is a risk the stakeholders won’t get the 90% threshold needed to delist the company, Northcape's Cameron said. — Bloomberg

KUALA LUMPUR: Northcape Capital Ltd says a bid by major shareholders to take Malaysia Airports Holdings Bhd (MAHB) private may face opposition due to the low valuation offered.

“They might need to revise the offer,” said Ross Cameron, a portfolio manager at Northcape, which owns a 1.7% stake in the airport group.