Transocean offers to acquire 40% stake in loss-making Enfrasys


In a filing with Bursa Malaysia, Transocean said it would issue 20 million shares at an issue price of RM1 per share to acquire the stake in ESSB.

PETALING JAYA: Transocean Holdings Bhd has made an offer to buy a 40% stake in loss-making Enfrasys Consulting Sdn Bhd (ESSB), which is involved in system integration and software engineering, for RM20mil.

In a filing with Bursa Malaysia, Transocean said it would issue 20 million shares at an issue price of RM1 per share to acquire the stake in ESSB.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

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!
   

Next In Business News

Oil falls on prospect of higher-for-longer US rates
Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
Wellness a top priority
InNature diversifies into the F&B industry
Tolerance for a cheaper yuan may be temporary
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
China’s push for greener aluminium hit by erratic rains, power cuts

Others Also Read