KUALA LUMPUR: Envair Holding Bhd has obtained a letter of support from a local bank for the financing of up to US$100mil (RM314mil) in relation to a proposed deal where it is expected to buy and then sell two million barrels of light crude oil per month to a Chinese company, according to a top official.
“We have also submitted applications to the relevant parties for the necessary licences to do this trading deal,” executive director Mohd Anuar Mohd Hanadzlah said.
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