Owners offering 1.89 for each share not owned by them, below NTA and below RNAV of 2.83 last September

independent adviser report came out and said the offer value NOT fair.

using RNAV method, it should be 2.83 per share!

update:- announcement on Bursa website

In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board of Directors of Asas Dunia Berhad (save for Tony Chan Leong Foon, Dato' Jerry Chan Fook Sing, Chan Fook Sun and Chan Fook Hean) wishes to announce that Kenanga Investment Bank Berhad has been appointed to act as the Independent Adviser to advise the non-interested Directors and holders of the Offer Shares on the reasonableness and fairness of the Offer.

price is 1.74 now, message to other minority sharehodlers, DON'T SELL

the value is a lot more than NTA of 2.15!

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/248840-deep-value-in-asas-dunia.html

just wait ... we have one inefficient market in Malaysia. I don't think any such company in US markets will be valued at 20% discount to NTA with assets at book value. When fair value reporting comes in later and revalue all landbank, market will start thinking why price at 1.7 when NTA is say 5? btw, 5 is very conservative! the catch is hope they don't reach 50% this round.

confirm yourself with accountants, new accounting standard for real estate/construction sector coming in 2014 (delayed from 2013), fair valuation of assets, NTA going to jump, this is why they want to take it private, list again in few years, check out annual report about land size, area and see mudah/lelong for average price, you can calculate fair value and be surprised at the number

they going to up the offer but I can tell you it's still way below what it should be, check out annual report about land size, area and see mudah/lelong for average price, you can calculate fair value and surprise at the number

new accounting standard coming in 2014, fair valuation of assets, NTA going to jump, this is why they want to take it private, list again in few years