Rexit gets new major shareholders

The company's net profit improved by 5.7% year-on-year to RM42.9mil from RM40.6mil before.

PETALING JAYA: Rexit Bhd, which provides the electronic link between insurance companies and the Malaysian Road Transport Department, has received an unconditional mandatory general offer (MGO) from its new major shareholders.

The MGO was triggered after Datuk Seow Gim Shen, Metaco Asset Holdings Sdn Bhd and Bemas Holdings Sdn Bhd emerged in Rexit with a 53.27% stake collectively via a direct business transaction.