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I don't like the comment from the independent advisor, usually a bank to say that " It is Fair but not Resonable" . If it is not resonable means Not fair lah! Singapore has a more wisely advise, it must be FAIR & REASONABLE where i fully agreed to. When the IA says that it is Fair but no Reasonable or Reasonable but not Fair, The IA shall quantify it by indicating how much to add up to offered price in order to make the deal Fair and Reasonable. The IA in Msia failed badly in performing their duty as advisor.
When it moves to Main board. MN need more fund to run & execute their projects more effectively; 1.7 billion order book!!. Target price 3.2-3.3 when it settles in main board and easier to get funding!!
I see nothing so far.... after spent 1.2 billion to acuire 7096 hectare of palm oil next gen spent 411 million toacuire probably family own hotels....I am more concern about the return of investment!!! There is no figure to showso far!!
Spent money to invest is ok, I am more oncern about the return of investment in %. They spent 1.2 billion to acquire 7096 hectare land planted with palm oil, but they never evaluate thier investment performance and it never appear in anual report too!!
