KUALA LUMPUR: Reservoir Link Energy Bhd
(RLEB) has proposed to acquire the remaining 70% equity interest it does not already own in Propel Maxflo Sdn Bhd for RM17.24mil, in a deal combining cash and new shares issuance.
The company said its wholly-owned subsidiary, Reservoir Link Sdn Bhd, had entered into a conditional share sale agreement with Propel Oilfield Services Sdn Bhd, a 49%-owned unit of Propel Global Bhd, for the purchase.
