In a filing with Bursa Malaysia yesterday, Bumi Armada said that on April 11, BASPL had received a notice from EPNL, among others, advising of a purported
PETALING JAYA: Despite nearing a US$500mil (RM2.03bil) loan deal, Bumi Armada
’s downside risk is growing, with deteriorating fundamentals from both floating production storage and offshore (FPSO) and offshore marine services (OMS) segments, said UOB Kay Hian.
Bumi Armada closed 5.1% lower at 18.5 sen and was the highest traded counter with a volume of 349.06 million shares.
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