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after completed MKH acquisition, they have 65% share in MKHOP, thus can be mandatory take over later.. n the price of mto will be set later based on vwap mkhop for last 20 market days
Already Offer at 0.65 and won’t likely to raise its offer, expect selling pressure in the morning for those chase high 68-70sen due to disappointment offer.. but still a good entry for those institutional/long term investor becos can get high DY and backed by plantation titan like KLK.. long term still positive.. do not tender below 65sen.. keep to get 6.5%divvy
i expect market reject the offer of 0.645 and price will continue up tommorow as technically mkhop just break the 0.64 resistance level after staggered for 1.5year of sideways. Batu kawan also show no intention to privatise when it has offered such low offer price. only dumb will accept the 0.645 offer price.