KUALA LUMPUR: Automotive friction materials maker Mintye Bhd said its controlling shareholder has offered to take the group private.
In a Bursa Malaysia filing yesterday, the group said Yatee & Sons Sdn Bhd had 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 closing price of 96 sen last Friday.