PETALING JAYA: Genting Bhd
’s offer to privatise Genting Malaysia Bhd at RM2.35 per share is deemed “unfair but reasonable”, according to an analyst.
Tradeview Capital Sdn Bhd portfolio manager Ng Tzyy Loon said the RM2.35 offer price – representing a 9.8% premium over Genting Malaysia’s last traded price of RM2.14 – may be deemed unfair for investors who have held the stock for years at higher prices of RM3 to RM5.
