SIG cancels proposed deal to take over Piasau Gas

KUCHING: SIG Gases Bhd has called off a proposed deal to acquire Piasau Gas Sdn Bhd in a move to expand its business network in Sarawak.

SIG, which has industrial gas manufacturing and refilling facilities in Bintulu, said the company and Piasau Gas were unable to reach an agreement on terms and conditions acceptable to both parties, and therefore did not wish to continue the negotiations for the proposed acquisition.