Corporate digest
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Roxy-Pacific Holdings
THE buyout offer for property group Roxy-Pacific Holdings is "not fair but reasonable", the independent financial adviser (IFA) in the deal said on Wednesday (Jan 19).
On the advice of IFA ZICO Capital, the independent directors recommended that shareholders accept the offer of S$0.485 in cash for each share. The independent directors said they agree with the IFA's assessment of the offer, as well as its advice and recommendation.
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