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KUALA LUMPUR (July 1): Malaysia, like most Asian markets, did not escape the stock equity rout in the first half of this year that was fuelled by the global tightening sparked by an aggressive US Federal Reserve, and the Ukraine-Russian war.
The unconditional voluntary takeover offer on Complete Logistics Services Bhd (CLSB) made on Dec 7 by its 29.11% major shareholder Datuk Eddie Ong Choo Meng via his special purpose vehicle Hextar Tech Sdn Bhd (formerly known as Get Asia Group Sdn Bhd) is viewed as fair and reasonable, and shareholders are urged to accept the offer.