{
  "id": 9766752,
  "title": "Insas seeks shareholders' nod for RM530mil Inari exit",
  "url": "https://urgent.news/2026/09/25/insas-seeks-shareholders-nod-for-rm530mil-inari-exit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T12:21:49.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1541182/insas-seeks-shareholders-nod-rm530mil-inari-exit"
  },
  "original_language": "en",
  "account": null,
  "summary": "Insas Bhd, the third-largest shareholder in Inari Amertron Bhd, is seeking shareholder approval to dispose of its entire stake in the semiconductor services company for RM529.87 million. The proposed sale involves 218.05 million or 5.65 per cent of Inari shares, at an illustrative price of RM2.43 per share. Insas has not yet identified any buyer and may sell the shares in one or more tranches through the open market or to third-party purchasers. The proceeds would mainly be used to repay RM270 million in revolving credit facilities and fund RM248.32 million in working capital. The repayment of the revolving credit facilities is expected to reduce the company's borrowings and save about RM13.5 million in annual interest costs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}