KUALA LUMPUR: Hong Leong
Investment Bank (HLIB) has withdrawn to act as an independent adviser to
IGB Corporation Bhd involving the conditional takeover offer by Goldis
Bhd.
"HLIB had in its letter dated Aug 5, 2014 advised IGB of its
withdrawal to act as independent adviser in respect of the offer," it
said.
IGB said the board of directors would appoint a new independent adviser in place of HLIB.
IGB had made the takeover offer to buy all the remaining shares not already owned at RM2.88 per share.
IGB said the board of directors would appoint a new independent adviser in place of HLIB.
IGB had made the takeover offer to buy all the remaining shares not already owned at RM2.88 per share.
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