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AJINOMOTO in its balance sheet has listed RM 85 Million for its highly strategic piece of land that represents a massive milestone in the company's history.
They are attempting to privatise the company of 60 millions shares at RM20 a peice , which I deem as a low priced.
The valuation should be about RM 25 at the least , for profits per year is about RM 1.10 per share , and it is a near monopoly .
The details regarding the location and valuation of the land are outlined below:
1. The Locatio
I don't like the comment from the independent advisor, usually a bank to say that " It is Fair but not Resonable" . If it is not resonable means Not fair lah! Singapore has a more wisely advise, it must be FAIR & REASONABLE where i fully agreed to. When the IA says that it is Fair but no Reasonable or Reasonable but not Fair, The IA shall quantify it by indicating how much to add up to offered price in order to make the deal Fair and Reasonable. The IA in Msia failed badly in performing their duty as advisor.
