OIL and gas service provider Petra Perdana Bhd has entered into an agreement to acquire a 70% stake in Yong Choo Kui Shipyard Sdn Bhd for RM22.7mil cash.
Petra said in a statement yesterday that Yong Choo was a Sarawak-based shipbuilding and ship repair company. The stake in this company will be bought from Yong Choo Kui and Loh Teck Huat.
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