KUALA LUMPUR: Shareholders of TH Heavy Engineering Bhd
(THHE) have been advised to vote in favour of exempting Urusharta Jamaah Sdn Bhd (UJSB) from undertaking a mandatory takeover offer.
KAF Investment Bank, in its independent advice to non-interested shareholders, said the proposed exemption is “fair and reasonable and is not detrimental to the interests of the non-interested shareholders”.
In the circular issued, it recommended the non-interested shareholders to vote in favour of the resolution pertaining to the proposed exemptions to be tabled at the EGM on Aug 14.
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