GFM acquires 60% stake in Shapadu Energy

PETALING JAYA: GFM Services Bhd has signed a conditional share sale agreement to acquire a 60% stake in Shapadu Energy Sdn Bhd for RM30mil in cash from Shapadu Corp Sdn Bhd, strengthening its presence in the oil and gas facilities maintenance (O&G FM) sector.

This acquisition builds on GFM’s 2023 purchase of Highbase Strategic Sdn Bhd, another O&G FM player.

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GFMAcquisition , ShapaduEnergy , OilAndGas , FacilitiesMaintenance , PengerangComplex

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