UOB Kay Hian has also confirmed that the consortium has sufficient financial resources to satisfy the full acceptance of the offer for the offer shares, excluding the 170.4 million shares that it already owns as at the offer announcement date.
Rumah & Co, a consortium made up of Rumah Property, Oregold, Globalcities Consult and Silverstone Ventures, has raised its offer price to 20 cents per share for all the shares it does not own in GYP Properties.
The offer is said to be final.
