PETALING JAYA: Sumatec Resources Bhd signed a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin for the proposed acquisition of 100% interest in Borneo Energy Oil and Gas Ltd valued at US$250mil (RM800mil).
In a statement, Sumatec said the framework agreement gave Sumatec access to all data and information regarding parties and assets under the proposed acquisition for technical, legal and financial due diligence purposes.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
