Posted by trend_first > Jan 16, 2021 2:27 PM | Report Abuse

Extracted from the bursa announcement:

Based on the above, we are of the view that the Offer for the Offer Shares
is NOT REASONABLE as Holders who do not wish to accept the Offer
would have the following options:
(i) to continue to hold on to their Boilermech Shares as QL Resources
Board envisages that the biomass and solar energy sector will
provide a strong growth impetus to Boilermech Group due to the
rising demand as the preferred renewable energy sources as
stated in the rationale and the Offeror’s future plans for Boilermech
Group as stated in Sections 3 and 8 of the Offer Document
respectively; or
(ii) to trade or sell their Boilermech Shares in the open market if the
market price is higher than the Offer Price as the trading of
Boilermech Shares is liquid.