Posted by valueinvestor > 2011-05-28 13:52 | Report Abuse

Isn't this offer price way below its NTA? Less than half of its NTA? It may be better to go for voluntary liquidation of the company and distribute the sales proceeds of all its assets.??

Posted by valueinvestor > 2011-05-28 15:32 | Report Abuse

Just wonder if any reputable financial advisor would indeed tell the minority shareholders that the above offer is deemed good and to accept it?

Just wonder how much profit can be generated by the company's existing projects, besides the company's land bank, as compared to the offer of RM122 mil to take company private?