Rex Industry (KLSE:REX) advised shareholders to reject the takeover offer after deeming the offer "not fair" and "not reasonable", according to a Monday circular issued on Bursa Securities.
The company received an offer from ETA Industries to sell the remaining stake in the company not already owned by the latter at 0.10 ringgit per share.
The adviser said the offer is not reasonable because the offeror plans to maintain Rex's listing status, so shareholders can still trade their shares, but may face low liquidity risks after the offer closes.
Moreover, the offeror won't buy out the remaining shares even if they can, which may leave minority holders with market risks, it said.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。