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