JOHOR BARU: Johor Corp (JCorp) is allocating about RM468.16mil as capital expenditure (capex) to its unit Kulim (M) Bhd for oil and gas (O&G) exploration activities.
President and chief executive officer Datuk Kamaruzzaman Abu Kassim (pic) said the allocation would be used, for now, to finance Kulim’s venture into the O&G sector in Sumatra, Indonesia.
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