Major shareholder offers RM3.50 a share for 5% in Integrax

PETALING JAYA: Amin Halim Rasip(pic), Integrax Bhd’s co-founder who is battling a takeover bid by Tenaga Nasional Bhd, is offering Perak Corp Bhd RM52.64mil cash, or RM3.50 a share for a 5% block of shares in Integrax.

Perak Corp, which will hold an EGM on March 27 to seek approval from its shareholders for the sale of its 15.74% stake in Integrax to TNB at RM3.25 a share, told Bursa Malaysia it received the letter of offer from Amin yesterday.