HLIB recommends acceptance of RM11 MAHB offer, non-interested directors reject


— MUHAMAD SHAHRIL ROSLI/The Star

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) has advised shareholders of Malaysia Airports Holdings Bhd (MAHB) to accept the takeover offer of RM11 per share from a consortium led by Khazanah Nasional Bhd and the Employees Provident Fund (EPF).

In an Independent Advice Circular (IAC) filed with Bursa Malaysia, HLIB stated that the offer is "not fair but reasonable" and recommended that shareholders accept the offer as it represents a chance for them to realise their investments.

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MAHB , HLIB , Takeover , Bursa Malaysia , Offers

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