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PETALING JAYA: PETRONAS Gas Bhd (PetGas) has entered into a shareholders agreement with Sabah Energy Corp Sdn Bhd (SEC) to allow the latter subscribe to one ordinary share of RM1,000 each in its wholly owned subsidiary, Regas Terminal (Lahad Datu) Sdn Bhd.
Sabah Energy Corporation Sdn Bhd is subscribing for a stake in Petronas Gas Bhd's unit which will undertake the construction and development of the LNG regasification facilities in Lahad Datu, Sabah.
Telcos and banks led the FBM KLCI marginally higher on Friday, underpinned by some mild fund buying amid a broader lacklustre market.