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WHILE global markets are still reeling from the spread of the novel coronavirus (Covid-19), the collapse in the oil price was like a kick in the teeth for Malaysia and the world.
Significant debt reduction and better fleet utilisation are part of firm’s recovery story
KUALA LUMPUR: Icon Offshore Bhd, an owner and operator of one of the largest fleet of offshore support vessels (OSV), raised RM247.21mil from its rights issue which was part of its debt restructuring exercise and provided the funds for its future growth.
KUALA LUMPUR: Shares in Icon Offshore Bhd jumped over 11% in early trade Monday on the heels of its RM36mil job from Petronas Carigali Sdn Bhd.
PETALING JAYA: Icon Offshore Bhd has secured a contract from Petronas Carigali Sdn Bhd to provide an anchor handling tug and supply vessel for the latter’s production operations.
KUALA LUMPUR: Icon Offshore Bhd has secured a contract from Petronas Carigali Sdn Bhd to provide an anchor handling tug and supply vessel for the latter's production operations.
SHAH ALAM: Amid falling investor confidence on special-purpose acquisition companies (SPACs), Sona Petroleum Bhd has given them a reason to be optimistic after the management gave its commitment to return money to shareholders, following its failure to get a qualifying asset (QA).
Top foreign and local stories at 4pm
PETALING JAYA: Sona Petroleum Bhd, a special-purpose acquisition vehicle (SPAC), is expected to "close shop" soon after failing to make any qualifying acquisition (QA) which it has to complete until July 31 this year under the SPAC guideline.