PFCE sells 65% stake in POW


KUALA LUMPUR: Oil and gas fabricator PFCE Bhd has sold its 65% stake in PFCE Offshore Worldwide Sdn Bhd (POW) to Calgary Global Group Ltd for RM1.

“The disposal is in line with the overall objective of the group to streamline its operations by disposing of non-active assets and to continuously attempt to enhance shareholders’ value,” PFCE said told Bursa Malaysia.

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