SCOMI Group Bhd has agreed to acquire Peninsular Malaysia's only drilling fluids and base oil bulking storage company, OBM Terminal Sdn Bhd, for RM6.3mil cash.
Scomi told the KLSE in a statement yesterday that its unit Kota Minerals & Chemicals Sdn Bhd (KMC) had signed a conditional agreement to purchase OBM's entire 100,000 shares with the vendors, Tengku Shariman Ibrahim, Othman Ibrahim and Zahari Othman.
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