Minority shareholders of Tecnic Group Bhd have been told to reject the mandatory takeover offer at 63 sen per share by Rohas-Euco Holding Sdn Bhd, Tan Sri Nik Awang @ Wan Azmi Wan Hamzah, Puan Sri Nik Anida Nik Manshor, Sia Bun Chun and Chan Liew Hoon.
Mercury Securities has derived the fair value for the entire equity interest in Tecnic at between RM250.43 million and RM271.77 million, representing 70 sen to 76 sen per Tecnic share based on the discounted cash flow valuation method.
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