Petronas Gas Bhd
has signed a call option agreement with Petroliam Nasional Bhd (Petronas) to acquire 8,559 shares representing 20% in Gas Malaysia Sdn Bhd.
The agreement to acquire shares valued at RM102mil in Gas Malaysia will give Petronas Gas an option to acquire a strategic stake in Gas Malaysia. Petronas Gas said yesterday that the call option agreement was not expected to have a material effect on the earnings, net tangible assets, share capital and shareholding structure of Petronas Gas.
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