Tag: GENM
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Genting Malaysia Takeover Bid Criticized as Not Fair, Says Kenanga IB
Overview of the Contested Takeover Bid The takeover offer for Genting Malaysia Berhad (GENM) has drawn sharp criticism from market observers after Kenanga Investment Bank Berhad (Kenanga IB) described the bid as “not fair” and “not reasonable.” The comments come in an independent adviser’s circular filed with Bursa Malaysia, which outlines concerns about the terms…
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Genting Malaysia Takeover Offer Deemed Not Fair by Kenanga IB and Independent Adviser
Overview: Independent Adviser Criticizes Genting Malaysia Takeover Bid The takeover proposal for Genting Malaysia Berhad (GENM) has drawn sharp criticism from industry observers afterKenanga Investment Bank (Kenanga IB) declared the bid by the Lim family-controlled operator of gaming and resorts as “not fair” and “not reasonable.” The independent adviser’s stance, disclosed in a circular filed…