KUALA LUMPUR: Asia Bioenergy Technologies Bhd (AsiaBio) is seeking to venture into the oil and gas (O&G) transportation industry through the proposed acquisition of two shipping companies for downstream activities.
AsiaBio on Tuesday entered into a Heads of Agreement (HOA) with Hoe Leong Corporation Ltd (HLCL) from Singapore and Reachmont Logistics Sdn Bhd (RLSB) to facilitate the acquisition of Semua Shipping Sdn Bhd (SSSB) and Semado Maritime Sdn Bhd (SMSB).
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