Monday, 8 July 2013

Formis Resources extends its takeover offer for Microlink Solutions Bhd to Jul 25

Formis Resources Bhd has extended the company.s voluntary takeover offer for Microlink Solutions Bhd to Jul 25 from Jul 9. Formis held a 29.21% stake in Microlink as of May 31. Independent adviser Kenanga Investment Bank Bhd has advised Microlink.s shareholders to reject the takeover offer, as the offer price of 60 sen per share was "not fair" and "not reasonable". (Starbiz)

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