KUALA LUMPUR: The unconditional voluntary takeover offer for Petaling Tin Bhd shares by largest shareholder Tan Sri Dr Chen Lip Keong is not not fair but is reasonable to minority shareholders, said Inter-Pacific Securities Sdn Bhd (InterPac).
As such, they should accept the offer, said InterPac in a circular filed with Bursa Malaysia. Gaming tycoon Chen is offering to buy the 34.58 million shares (a 9.98% stake) in Petaling Tin he does not own at 40 sen apiece or RM13.83 million in all.