Let me explain what might be the reason TGIB decided to dispose (privatize) STGT.

I think this is because currently the F&B business value is locked when is merged with the plastic business, commanding a PE of mere 7, when other F&B business can easily fetch a PE of 15-25.

Instead of letting the F&B business value locked in the plastic business (TGIB), might as well unlock its value by disposing (privatize) it and distributing special dividend for shareholders, this is good for both retail investors and the board of directors of TGIB.

Acceptable QR to me, forex loss probably priced in already, as with all export based companies. MYR weakened again in recent 1-2 months, so we will see forex gain in upcoming QR. Having that said, share price might still continue to fall with paper hands selling down.