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AmInvestment Bank Bhd, the independent adviser to the minority shareholders of MISC Bhd, has described Petroliam Nasional Bhd's takeover offer (Petronas) as "Not Fair" but "Reasonable".
Shares of MISC Bhd fell as much as 13.4% in early trade on Monday after Petroliam Nasional Bhd failed in its takeover.
RHB Research Institute has advised minority shareholders of MISC Bhd to accept Petroliam Nasional Bhd’s revised offer of RM5.50, which is its new fair value.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will review costs of projects, delay or defer the implementation of some of them if the need arises.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded a contract to the Technip-MMHE joint venture to develop two gas fields about 180km north of Bintulu, Sarawak.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has confirmed that Momoto Sdn Bhd has filed a lawsuit against its subsidiary Petronas Technical Services.
KUALA LUMPUR: Distressed Brazilian oil and gas company OGX Petroleo e Gas Participacoes S.A. had stated Petroliam Nasional Bhd (Petronas), has backed out of an agreement to buy a stake in two blocs in one of OGX's oil fields, according to the Wall Street Journal (WSJ).
KUALA LUMPUR: Puncak Niaga Holdings Bhd’s sub-subsidiary GOM Resources Sdn Bhd has secured part of the RM10bil contracts issued by Petroliam Nasional Bhd.