TNB seeks control over Integrax


A ship berths at Lumut Port’s Lekir Bulk Terminal, which saw a cargo throughput of 5.5 million tonnes as at Sept 30 last year.

PETALING JAYA: Tenaga Nasional Bhd (TNB) is offering RM2.75 a share to buy out other shareholders in Integrax in a RM644.2mil deal, as the utility firm seeks to gain full control of the operator of Lumut Port in Perak.

The conditional takeover offer values Integrax at 19% premium to its last traded price of RM2.31 yesterday. TNB said it planned to de-list Integrax from Bursa Malaysia if it receives sufficient acceptance.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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Business , Tenaga Nasional Bhd , Integrax

   

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