Perak Corp calls to ratify unit’s deal


KUALA LUMPUR: Perak Corp Bhd has called for an EGM on Feb 28 to ratify the acquisition by its wholly owned subsidiary Taipan Merit Sdn Bhd.

In a filing with Bursa Malaysia yesterday, Perak Corp said it proposed a ratification of the acquisition by Taipan Merit of 20 million RM1 shares, representing 6.65% equity interest in Integrax from Utilico Emerging Markets Ltd for RM30.05mil cash.

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