Tag: Kenanga IB
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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 and Not Reasonable by Kenanga IB
Overview: A Bid Facing Scrutiny The takeover bid for Genting Malaysia Berhad (GENM) has drawn sharp scrutiny from industry observers after Kenanga Investment Bank Berhad (Kenanga IB), acting as an independent adviser, described the offer as “not fair” and “not reasonable.” The assessment, disclosed through a circular filed with Bursa Malaysia, raises immediate questions about…