PETALING JAYA: Oil and gas services provider Deleum Bhd
has entered into a heads of agreement to sell its 86.67% stake in Deleum Technology Solutions Sdn Bhd (DTS) to ACE Market-listed Ocean Vantage Holdings Bhd for RM13mil.
In a filing with Bursa Malaysia, Deleum said the proposed disposal involves its wholly-owned subsidiaries, Deleum Services Sdn Bhd and Delcom Holdings Sdn Bhd, which hold 60% and 26.67% stakes in DTS, respectively.
The consideration is based on a valuation of RM15mil for the entire equity of DTS.
DTS provides integrated corrosion and inspection services, blasting technology, and maintenance, construction and modification services for tanks, vessels, structures and piping.
