It is unclear how recent Sacofa’s assets were last valued and whether the stated net tangible asset value accurately reflects current market price for Sacofa’s assets.
The question is whether Cahya Mata Sarawak is getting a bargain for the 50% equity in Sacofa it is buying.
Cahya Mata getting bargain price for Sacofa?
Cahya Mata Sarawak Bhd’s proposed 50% shares acquisition in state-controlled Sacofa Sdn Bhd is raising eyebrows as the deal may be undervaluing the company.
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