Update: No Other Offer for Rank from Guoco

Guoco issues a statement commenting on the refused bid

According to the announcement that came from the Malaysian-based property and investment holding firm Guoco Group Ltd, the enterprise will not make another offer to the Rank Group.

Rank previously turned down the 150p-per-share takeover bid made by Guoco, its largest investor, assessing it as “undervaluating.”

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