Tenaga Nasional Berhad, TNB has acquired Integrax Bhd by buying 66.538 million shares from Halim Rasip Holdings Sdn Bhd.

Integrax Bhd is port operator and marine service provider and also involved in industrial property and mining. TNB said the acquisition will be entirely funded through internal generated funds.

TNB said “The strategic acquisition will enable Tenaga to secure the coal handling services for its power plant and enhance the efficiency and operations ofits power station”.

It has been reported earlier that TNB will request on the revision of tariff to the government. However anyalists predict that the tariff hike will only could happen after the general election.

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