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PETALING JAYA: Contrary to earlier speculation, special-purpose acquisition company (SPAC) Sona Petroleum Bhd will not be taking up any stake in Singapore-listed RH Petrogas Ltd, sources said.
KUALA LUMPUR: Malaysia’s blue chips inched up in early Friday trade, lifted by mild fund buying of banks, while glove makers extended their gains.
PETALING JAYA: Special-purpose acquisition company (SPAC) Sona Petroleum Bhd is close to making its qualified acquisition (QA), and the target company is Singapore-listed RH Petrogas Ltd, an oil and gas (O&G) company controlled by Sarawak tycoon Tan Sri Tiong Hiew King (inset). Tiong is chairman of RH Petrogas.
MERDEKA Greetings to all Malaysians out clubbing this weekend. Merdeka weekend starts tonight and the Klang Valley clubs celebrate 56 years of independence in in its own style, with everyone throwing a great weekend of parties for all clubbers to enjoy, joined by a couple of international DJs here to share independence weekend Malaysian style with us.