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A tendency to take public-listed companies (PLCs) private has become more pronounced this year, a trend which points to stocks being under-valued on Bursa Malaysia.
Increasing field development activities are expected in existing and new oil fields, and in line with this, demand for oil and gas equipment and services is set to rise.
LAND amp; General Bhd (Lamp;G) plans to dispose of its interests in seven local and foreign companies as part of its restructuring scheme to reduce further debts, said managing director Mike Krishnan.