SUBSCRIBERS

IFA for Sunrise says general offer 'not fair and not reasonable'

Published Wed, Jan 9, 2019 · 09:50 PM

Singapore

THE independent financial advisers (IFA) of Sunrise Shares Holdings said on Wednesday that the S$0.017 per share general offer for the company made by its largest shareholder, Hong Kong-based businessman Wong Siu Fai, is "not fair and not reasonable", according to a circular sent to shareholders of the firm.

The directors concurred with the advice of the IFA Novus Corporate Finance regarding the offer, and have recommended that shareholders reject it.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes