Integrax Bhd shareholders voted today in favour of the removal of three directors and the appointment of five new persons
to its board of directors.
Its non-executive and non-independent director Amin Halim said the removal was necessary to restore proper management to the company, while the appointments would enhance its corporate governance.
'All resolutions were carried out by a show of hands and ballot,' he told reporters after the company's extraordinary general meeting, here.
As a result, the port operator's board of directors now consists of Amin and a Tenaga Nasional Bhd (TNB) nominee director, Rafiq Merican as well as five new directors. TNB has a 22 per cent stake in Integrax.
Amin said Integrax's immediate focus would be in finding the balance within the board, commencing a relationship healing process and building the necessary facilities planned on time.
This will put in place a good corporate governance framework to
reconstitute the board and chart the right direction to enhance shareholders value, he said.
Amin said Integrax was also set on making the Lumut Maritime Terminal as a bio hub by putting the necessary facilities for the whole palm oil business value chain for customers around the area including Acheh and North Sumatera, Indonesia.
It will identify and attract palm oil players to provide the burgeoning infrastructures such as mills and refinery, while Integrax will set up tanks within its facility in Lumut, he said.
On its Lekir Bulk Terminal, he said Integrax planned to submit the logistic solutions for iron ore producer, Vale, for their iron ore transportation.
Amin said the company was also looking into installing two conveyer lines to handle the transshipment of TNB coal and lime stones. -- Bernama
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