SEG International: Emergence of new Substantial Shareholder?
Outperform
News
Update
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News emerged over the weekend that Navis Capital, a
private equity firm, has bought a 37.5% stake in SEGi, and is planning to buy
more this week. This could possibly trigger a general offer for SEGi’s
remaining shares.
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No changes to forecasts and Outperform call. Fair value
maintained at RM2.00, pending the company’s announcement.
Source: RHB Research - 2 April 2012
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