KUALA LUMPUR: Independent adviser to a mandatory takeover offer, Public Investment Bank, has advised the minority shareholders of Ablegroup Bhd
to reject the takeover offer by Parallel Pinnacle Sdn Bhd as it undervalued the assets of the company.
“The offer is not fair in view that the offer price is lower than the realised net asset value (RNAV) per AbleGroup share and market price of AbleGroup shares,” it said.
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