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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MAHB , delisting , lowballoffer , Khazanah , EPF , airports

Next In Business News

Ringgit opens mostly higher against major currencies, slightly lower against greenback
Rebound on Bursa Malaysia fizzles as Middle East conflict remains unresolved
Trading ideas: Coraza, E&O, Berjaya, Matrix, Titijaya, UEM Edgenta, Sunway, Hong Leong Bank, CIMB, IHH, SkyWorld, Hengyuan, TIME, WCE, Oriental, UOA
Aluminium rally set to boost China exports
Business elite clash with a populist push�
Australia fuel tax cut masks price pressures�
Thailand eyes US$5bil from notes, loans as bond yields soar
Brazil�signals it will bolster Brasilia Bank
European banks double down on SRT trades
UBS’s Khan says AI�will have ramifications on jobs

Others Also Read