TAP to raise cash for LNG ops


  • Business Premium
  • Tuesday, 16 Dec 2003

TAP Resources Bhd intends to raise cash via a rights issue, bonds and borrowings to part finance its portion of the cost of setting up a liquefied natural gas (LNG) plant in Kota Kinabalu in which it would hold a 40% equity stake.  

The company also had the first option to buy an additional 20% interest in the plant, Tap Resources chief executive officer Yee Ia Howe told StarBiz in an interview. 

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