{
  "id": 14141108,
  "title": "United Malacca shareholders told to reject RM6.10 offer",
  "url": "https://urgent.news/2026/10/13/united-malacca-shareholders-told-to-reject-rm6-10-offer",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T06:50:18.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1554413/united-malacca-shareholders-told-reject-rm610-offer"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Kenanga Research has advised United Malacca Bhd shareholders against accepting Tee family's mandatory takeover offer of RM6.10 per share. The offer, initiated by Prosper Trading Sdn Bhd, who now owns 13.4% of the company, is deemed undervaluing the plantation group. The offer price is below the net tangible assets of RM7.44 per share for the fiscal year ending 2026 and Kenanga Research's target price of RM7.00. The price is only 2.5% higher than the stock's closing point, offering limited upside. Kenanga Research retains its \"outperform\" rating and RM7.00 target price. The firm suggests shareholders opt into a separate cash compensation scheme, valid until Dec 17, 2026, for those who sold shares at RM6.10 or less between Sept 26, 2024 and Oct 9, 2026. The scheme compensates the difference between the sale price and RM6.10 per share.",
  "summary": "KUALA LUMPUR: United Malacca Bhd shareholders have been advised by Kenanga Research not to accept the Tee family’s RM6.10-a-share mandatory takeover offer.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}