Ka-shing, Kuok and Quek in Samudra Energy IPO


BILLIONAIRES Li Ka-shing, Robert Kuok and Tan Sri Quek Leng Chan, along with savvy investor Paul Poh will make up an all-star list of shareholders in an upcoming flotation of Indonesian oil and gas producer Samudra Energy Ltd on the Singapore Stock Exchange (SGX).

Samudra, which released its prospectus on Thursday, has three oil producing assets in South Sumatra and is seeking to raise between S$248mil (RM635mil) and S$276.3mil (RM706mil), largely to retire debts, a move which would nudge the company towards profitability.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , quek , kwok , paul poh and li ka-shing

Next In Business News

Apex Healthcare takeover becomes unconditional
Citaglobal wins two infrastructure projects totalling RM82.7mil
Ringgit ends lower amid profit-taking, lack of fresh market catalysts
MN Holdings wins RM177mil contract from TNB
AmanahRaya REIT completes RM390mil issuance under RM2bil MTN programme
Greenyield appoints Tham Kin Shun as acting MD
AME Elite to sell Johor industrial properties to CapitaLand Malaysia Trust for RM220.8mil
Kim Loong to acquire 75% stake in Kim Loong Mills Sarawak for RM10mil
George Kent wins RM34.5mil contract from Prasarana
FBM KLCI ends at intraday high, marks 16-month high

Others Also Read