At 78 cents, it is a cent below the company's NAV of 79 cents as at July 31, or $580.93 million, but still below the RNAV of $1.26 per share estimated by IFA for the offer Zico Capital.
An entity controlled by Low Keng Huat (Singapore)'s managing director Marco Low Peng Kiat has revised its privatisation offer to 78 cents, versus an earlier bid of 72 cents.
The offer, made via a vehicle called Consistent Record, is "final".
