Exemption to Urusharta Jamaah from TH Heavy takeover fair

In Thursday's independent advice, KAF IB said the proposed exemption would enable THHE Group to leverage on the continuous support and contribution from UJSB towards its the future development and direction.

KUALA LUMPUR: Shareholders of TH Heavy Engineering Bhd (THHE) have been advised to vote in favour to exempt Urusharta Jamaah Sdn Bhd (UJSB) from undertaking a mandatory takeover offer.

KAF Investment Bank, in its independent advice to non-interested shareholders said proposed exemption is “fair and reasonable and is not detrimental to the interests of the non-interested shareholders”.