‘Not fair’ but ‘reasonable’: Hong Leong Investment Bank urges MAHB shareholders to accept RM11 offer amid mixed evaluation

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‘Not fair’ but ‘reasonable’: Hong Leong Investment Bank urges MAHB shareholders to accept RM11 offer amid mixed evaluation - Malay Mail

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KUALA LUMPUR, Dec 20 — Hong Leong Investment Bank Bhd (HLIB) has recommended Malaysia Airports Holdings Bhd’s (MAHB) sha...

According to HLIB, holders are advised to closely monitor the market share price, trading volume and any press releases and/or announcements made in relation to the offer before making a decision on the course of action to be taken in respect of the offer shares, MAHB said.

In an Independent Advice Circular (IAC) filed on Bursa Malaysia today, MAHB said premised on the evaluation of the offer as set out, HLIB is of the view that the offer is “not fair” but “reasonable”.