PETALING JAYA: UMW Holdings Bhd announced that its indirect subsidiary UMW Rig Asset (L) Ltd has agreed to acquire the entire equity interest in Offshore Driller 4 Ltd from S.D. Standard Drilling Plc for US$223mil (RM676mil).
UMW Rig Asset is a unit of UMW Oil & Gas Corp Bhd, which in turn is a unit of UMW.
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