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Kulim will not vary or extend offer to acquire New Britain shares
by Cals Sat 17 Aug 2013, 03:50
Kulim will not vary or extend offer to acquire New Britain shares
Business & Markets 2013
Written by Bernama
Friday, 16 August 2013 19:30
KUALA LUMPUR (Aug 16): Kulim (Malaysia) Bhd said it will not vary or extend its offer to acquire up to 30 million ordinary shares in New Britain Palm Oil Ltd.
Chairman Datuk Kamaruzzaman Abu Kassim said Kulim had carefully reviewed and considered the conclusion of independent directors, reached in the target company statement and independent advisor's report.
"Kulim is deeply concerned with the conclusions reached in the statement and the report," he said in a statement today.
Kamaruzzaman was responding to the New Britain's target company statement and independent advisor's report, regarding the conditional partial cash offer by Kulim to acquire up to 30 million ordinary shares in New Britain.
He said the offer was fair and reasonable, and Kulim encouraged New Britain shareholders to accept it while it remained open.
Business & Markets 2013
Written by Bernama
Friday, 16 August 2013 19:30
KUALA LUMPUR (Aug 16): Kulim (Malaysia) Bhd said it will not vary or extend its offer to acquire up to 30 million ordinary shares in New Britain Palm Oil Ltd.
Chairman Datuk Kamaruzzaman Abu Kassim said Kulim had carefully reviewed and considered the conclusion of independent directors, reached in the target company statement and independent advisor's report.
"Kulim is deeply concerned with the conclusions reached in the statement and the report," he said in a statement today.
Kamaruzzaman was responding to the New Britain's target company statement and independent advisor's report, regarding the conditional partial cash offer by Kulim to acquire up to 30 million ordinary shares in New Britain.
He said the offer was fair and reasonable, and Kulim encouraged New Britain shareholders to accept it while it remained open.
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