SAPURA Telecommunications Bhd has obtained its shareholders ap- proval to proceed with the acquisition of up to 100% of Crest Petroleum Bhd.
The proposed purchase was given the go-ahead by shareholders at an EGM yesterday, nearly three months after Sapura entered into an agreement with Renong Bhd on Jan 15 to buy a 38.56% stake in Crest for RM105.2mil or RM3.60 per share.
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