PetDag to sell Sarawak LPG business to Petros unit in cash, share subscription deal

KUALA LUMPUR: Petronas Dagangan Bhd (PetDag) said it plans to sell its liquefied petroleum gas (LPG) business to PetrosNiaga Sdn Bhd (PNiaga) and subscribe to a 49 per cent stake in PNiaga as part of a business transfer and share subscription agreement (BTSSA) with PNiaga and Petroleum Sarawak Bhd (PETROS).

PNiaga is a wholly-owned subsidiary of PETROS.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Petronas Dagangan , PetDag , PNiaga , PETROS , LNG , Oil and gas

Next In Business News
Reading the market signals
Urban harmony: Can stakeholders row together?
Breathing new life into forgotten spaces
FROM BANGSAR TO BEYOND
Asia to lead next AI wave
Luxury real estate trends in 2026
China’s gold rush continues
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences
Jakarta set to rise

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.