SINGAPORE (Oct 31): CIMB Research is urging investors to accept the general offer by Precision Solutions Group, a subsidiary of private equity firm, Northstar.
In a Thursday note, analyst Ngoh Sin Yi notes that the offer price of $1.01 per share is at a 30.5% premium over the 12-month volume weighted average price up to April 6.
While Ngoh prefers the cash-only option which offers investor a clean exit opportunity, investors who see longer-term potential in the company should choose the cash plus shares option.
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