Automotive friction materials maker Mintye Bhd said its controlling shareholder has offered to take the group private.
Yatee & Sons Sdn Bhd has proposed a selective capital reduction (SCR) and a corresponding capital repayment of RM1.30 per Mintye share, which is a 35.42% premium to the last closing price of 96 sen last Friday, said Mintye in a bourse filing today.