Uzma increases stake in profitable subsidiary for RM52.8mil


KUALA LUMPUR: Uzma Bhd has entered into a deal to increase its stake in a profitable oil and gas subsidiary that provides well pumping and coil tubing services.

Uzma, in filing with Bursa Malaysia on Wednesday said would acquire an additional 1.01 million shares in Setegap Ventures Petroleum Sdn Bhd (SVP) for RM52.8mil cash.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Uzma

   

Next In Business News

Oil ends week lower on China demand fears
Undoing the 5G monopoly
KL Metro to build RM1.6bil five-star resort in PD
Picking up speed
PETRONAS reaches FID on Pengerang biorefinery
Market bulls looking for new technology leaders
China to resort to consumer stimulus
GAMUDA AI ACADEMY SET TO BE GAME-CHANGER
ESG reporting standards must be elevated
Fed rate-cut outlook limits forex volatility

Others Also Read