Rep nomination – the ball is in Integrax’s court

PETALING JAYA: It's now up to the Integrax Bhd nomination committee to name a representative of Perak Corp Bhd on its board as the latter is currently deemed as a major shareholder of the port operator.

To date, Perak Corp collectively holds almost a 15% stake in Integrax as its wholly-owned subsidiary, Taipan Merit Sdn Bhd, recently acquired 20 million RM1 shares, representing 6.65% equity interest in Integrax from Utilico Emerging Markets Ltd for RM30.05mil cash.