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.

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