KUALA LUMPUR: Mecurity Securities Sdn Bhd has advised the minority shareholders of plantation company Kwantas Corporation Bhd to accept the takeover offer of RM1.65 from the major shareholder.
In its independent advice issued on Friday, it said based on the net asset method, it had derived a fair value of Kwantas group of RM1.11bil or RM3.55 per share.
“The selective capital reduction (SCR) offer price of RM1.65 is lower than and represents a discount of 53.5% to the fair value per Kwantas share, ” it said.
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