A Hong Kong-based investment firm controlled by Malaysian billionaire Quek Leng Chan has made another attempt to take Rank Group’s majority shareholder Guoco Group Limited private.
A previous bid of HK$88 per share from GuoLine Overseas Limited, a wholly-owned indirect subsidiary of investment company Hong Leong, was rejected by Guoco’s shareholders at the end of last year for being too low.
GuoLine has now returned with a revised offer of $100 per share, which values Guoco at [...]
