Ka-shing, Kuok and Quek in Samudra Energy IPO


BILLIONAIRES Li Ka-shing, Robert Kuok and Tan Sri Quek Leng Chan, along with savvy investor Paul Poh will make up an all-star list of shareholders in an upcoming flotation of Indonesian oil and gas producer Samudra Energy Ltd on the Singapore Stock Exchange (SGX).

Samudra, which released its prospectus on Thursday, has three oil producing assets in South Sumatra and is seeking to raise between S$248mil (RM635mil) and S$276.3mil (RM706mil), largely to retire debts, a move which would nudge the company towards profitability.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , quek , kwok , paul poh and li ka-shing

Next In Business News

Bursa poised to perform better next year
SIB disposes of Seremban land for RM25mil
Malaysia’s AAA sovereign rating affirmed
Nexgram focuses on core operations
Cahya Mata’s phosphate plant gradually ramping up
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Perak Transit eyes growth from terminal expansion
Consumer sector posts ESG compliance gains

Others Also Read