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TNB awards coal shipment contracts worth over RM2bil

 

Integrax: Game over

Amin, who had been trying to thwart TNB’s takeover of Integrax from the beginning, had requested Integrax’s shareholders not to sell their shares to TNB yet, as he was planning to make a voluntary general offer (VGO) for the port operator.

 

Perak Corp gets nod to sell Integrax stake to TNB

IPOH: Perak Corp Bhd has received approval from its shareholders to sell the entire 15.74% stake in Integrax Bhd to Tenaga Nasional Bhd (TNB) for RM3.25 a share.

 

Tenaga hits 90% threshold in Integrax takeover exercise

PETALING JAYA: Tenaga Nasional Bhd, powered by a revised offer of RM3.25 per Integrax share, crossed the 90% threshold of voting shares in the Lumut Port owner and operator as at 5pm on Wednesday.

 

Integrax saga — all eyes on TNB

THERE are a variety of scenarios that could pan out in the Integrax Bhd saga, following the general offer by Tenaga Nasional Bhd (TNB) and the independent adviser (IA) report that came out this week.

 

Amin throws in towel, accepts TNB’s offer for Integrax

PETALING JAYA: Less than a week after he alluded to making a voluntary general offer (VGO) for Integrax Bhd, Amin Halim Rasip(pic) has thrown in the towel to end a three-month battle for the port operator in Lumut.

 

TNB’s intriguing move on Integrax

WITH Tenaga Nasional Bhd (TNB) having filed its formal offer to buy out Integrax Bhd at the same indicative price of RM2.75 per share, it quells speculation that the utility giant would raise its offer price.

 

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.

 

TNB served with another legal suit regarding Integrax takeover

TNB had in its offer document in January offered RM2.75 per Integrax share, but it raised its offer price to RM3.25 at the end of February.

 

Integrax seen doubling throughput in three years

KUALA LUMPUR: Integrax Bhd is expecting the total cargo capacity throughput at its Lekir Bulk Terminal (LBT) and the Lumut Maritime Terminal (LMT) to increase to 20 million tonnes in three years from 10.86 million tonnes now.

 

Tenaga Nasional to acquire 78% stake in Integrax for RM645 Million

PETALING JAYA: Tenaga Nasional Bhd (TNB) has launched a general offer to acquire the 77.88% stake it does not own in Integrax Bhd for a total of RM644.24 million or RM2.75 per share. In a filing with the stock exchange, TNB said it does not intend the …

 

MARC affirms Tenaga’s issuer rating of AAA

However, TNB’s cash and bank balances declined to RM2.5bil largely due to acquisition costs of RM768.7 mil for equity stakes in Integrax Bhd (Integrax) and JEP; higher net repayment on borrowings during the year; and investments of approximately …

 

Tenaga faces obstacles in Integrax takeover

THE attempt by Tenaga Nasional Bhd (TNB) to take over Integrax Bhd is far from being a done deal after the latter’s major shareholder Amin Halim Rasip rejected the offer yesterday.

 

Perak Corp to decide Monday on TNB’s offer to buyout Integrax

PETALING JAYA: Perak Corp Bhd (PCB), which will likely influence the outcome of Integrax Bhd’s buyout attempt by Tenaga Nasional Bhd (TNB), said it will make its decision on the deal by Monday, after its own independent advisor (IA), Affin Hwang …

 

Perak Corp’s bonanza

ONE of the clear beneficiaries in the Integrax Bhd takeover offer by Tenaga Nasional Bhd (TNB) would be Perak Corp Bhd, with its 15.74% stake in the former.

 

Perak Corp seeks higher offer from TNB for Integrax stake

PCB’s decision is seen as a crucial turning point for TNB to take total control of Integrax, as the other single-largest shareholder, Amin Halim Rasip(pic), with his 23% stake, has declared that he would be rejecting TNB’s offer, claiming that Integrax …

 

The short position

EARLY next week, Affin Hwang, the independent adviser (IA) to Perak Corp Bhd (PCB) will deliver its view on whether the latter should accept the RM2.75 per share buyout offer by Tenaga Nasional Bhd (TNB) for Integrax Bhd. PCB owns 15% of Integrax and …

 

Breakfast briefing: Friday, July 10

Another shareholder sues TNB over integrax takeover: Another dissenting shareholder has taken legal action against Tenaga Nasional Bhd (TNB) , saying the utility giant’s offer document in January on the takeover offer of Integrax Bhd shares is …

 

Amin takes legal action against Perak Corp

PETALING JAYA: Amin Halim Rasip, who is battling Tenaga Nasional Bhd’s (TNB) attempt to take over Integrax Bhd, says he has commenced legal action against Perak Corp Bhd and its directors who had earlier rejected his offer to purchase the company’s …

 

Breakfast briefing: Tuesday, February 16

Integrax’s Azman Shah tipped to take the helm at NCB: Azman Shah Mohd Yusof, a former chief executive officer of Integrax Bhd, is tipped to be the next group managing director of NCB Holdings Bhd, sources said. The position was left vacant by Abi …
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