Market observers have mixed views as to whether the proposed privatization of YHSPL at RM3.60/share us a fair deal. Analysts feel that price of RM3.60 is slightly below the fair value mark, nonetheless is deem fair. On the other hand, another analyst feel that the offer was fair and minority shareholders should that the offer as YHSM was planning to expand its operations into Indonesia by opening up a bottling plant. YSHPL has proposed to privatize 61.15% owned subsidiary YHSM for RM3.60 a share via a selective capital reduction and repayment exercise. Hence, would result in total capital; repayment of RM213.6mil translating into cash of RM3.60/share. ' The Star

Affin Bank is waiting for the Indonesian government to make a clear decision on foreign ownership of its banks. Managing director and CEO said that the agreement between Affin and PT Bank In Perdana for the former to acquire at least 51% stake in the Indonesian bank had been terminated by nature as the agreement expired last year. However, they are still keen to relook at it once clear on the foreign ownership issue ' The Star

Malayan Banking Bhd had disposed of 70% of its shares in indirect subsidiary Philippine based AsianLife and General Assurance Corp to STI Investments Inc for RM31.02mil, which is abput 1.5 times the book value of the company ' The Star

Source: AmeSecurities