KUALA LUMPUR: Jerneh Asia Bhd’s shareholders have been advised to accept the RM1.45 per share take- over offer by the group’s major shareholder, Kuok Brothers Sdn Bhd, for a quicker way out of the cash-rich company that has been without a core business for a year.
OSK Investment Bank Bhd, the independent adviser to the Kuok Brothers’ offer, said the takeover offer is preferable to the “uncertainty and lengthy” procedure of receiving proceeds via the route of asset disposals, capital repayment and winding up. Jerneh Asia shares closed unchanged yesterday at RM1.43.
This article appeared in The Edge Financial Daily, December 2, 2011.
OSK Investment Bank Bhd, the independent adviser to the Kuok Brothers’ offer, said the takeover offer is preferable to the “uncertainty and lengthy” procedure of receiving proceeds via the route of asset disposals, capital repayment and winding up. Jerneh Asia shares closed unchanged yesterday at RM1.43.
This article appeared in The Edge Financial Daily, December 2, 2011.
