PETALING JAYA: Kim Hin Industry Bhd
's offer for privatisation by its joint offerors including the company and its chairman Chua Seng Huat at 85 sen per share has been deemed 'not fair and not reasonable' by its independent adviser.
As such, the independent adviser New Paradigm Securities Bhd said the non-interested minority shareholders and directors of the tile manufacturer should reject the offer.
