Bumi Armada fundamentals intact


WHAT’S going on with international offshore oilfield services provider Bumi Armada Bhd? When will the bleeding of its share price stop?

On Thursday afternoon, a crossing of 202.25 million shares in Bumi Armada Bhd in off-market trade at RM2.96 each fuelled speculation that its early initial public offering (IPO) investors were still selling their shares.

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Business , Bumi , Armada , oil and gas

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