PETALING JAYA: TA Enterprise Bhd
’s (TAE) application to withdraw its voluntary takeover offer for TA GLOBAL BHD (TAG) shares, if allowed, is unfair to minority shareholders and could lead to more withdrawals of corporate proposals that’s been announced.
Minority Shareholders Watch Group chief executive officer Devanesan Evanson said there must be a certain element of certainty in the market when it comes to corporate actions
“Minority shareholders may have invested in TAG shares based on the announced corporate action and the share prices would also have moved to accommodate the announcement.
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