KLSE (MYR): ICON (5255)
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Last Price
0.76
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goodgain
169 posts
Posted by goodgain > 2 weeks ago | Report Abuse
LY Hoh,
Depend on their intention. Normally those offering MGO at lower than market price, the intention is to get rejection from shareholders so they can retain the listing status. The MGO is compulsory by law, for those company taking over more than certain threshold of a listing entity. If the new owner intent to retain the listing status, they will normally offer lower than market price so the MGO will fail.