KUALA LUMPUR: Shell Refining Company (Federation of Malaya) Bhd (SRC) is considering an outright sale of Shell Overseas Holding Ltd’s 51% stake in SRC or converting the business to a storage terminal and export facility.
“Continuing to operate the business as it is today is not a long-term option. The board is proactively considering all options in the best interest of the company,” SRC chairman Iain Lo said at a press conference after its AGM yesterday.
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