KUALA LUMPUR: Boustead Holdings Bhd has proposed to pay RM100mil for a controlling stake in MHS Aviation Bhd, which has secured a RM3.1bil contract from Petronas Carigali to provide rotary wing aircraft, equipment and services.
The proposed purchase of a 51% stake in MHS will pave the way for Boustead's entry into the oil and gas sector while allowing MHS to expand its fleet.
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