Inari Amertron Bhd today denied that it was approached by Khazanah Nasional Bhd to take up a stake in the company upon the
transfer of its listing status from the ACE market to the Main Market of Bursa Malaysia Securities Bhd.

Vice chairman Dr Tan Seng Chuan, however, said the company was approached by several local institutional investors which were keen to invest in the company after the transfer of Inari Amertron's listing status.

He was commenting on market talk that Khazanah was looking to take up a 20 per cent equity stake in Inari Amertron in exchange for a stake in SilTerra Malaysia Sdn Bhd.

"I am not aware of such news (Khazanah taking up a 20 per cent stake in Inari Amertron), and, as far as I concerned, the board of directors have not been approached by Khazanah," he told reporters after the company's extraordinary general meeting (EGM) today.

Earlier, during the EGM, Tan said Inari Amertron shareholders approved the amendments to the group's articles of association in connection with the transfer listing, effectively allowing the group to progress to the next step in its main market transfer application.

"We have successfully expanded the group's footprint as a major electronic manufacturing services player in the region with our services forming a crucial part of the global semiconductor industry value chain.

"We believe it will not only serve to underscore our excellent track record thus far, but more importantly, set the stage for bigger achievements in terms of garnering institutional interest, as well as, accentuating our prominence among industry peers," he added.-- Bernama