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.
