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Changes are taking place in ailing Ace Market-listed information technology company (ICT) Sterling Progress Bhd, with the company looking set to be revived following the entrance of a new shareholder soon.
CALGARY: Progress Energy Canada Ltd, Pacific NorthWest LNG Ltd and Petroliam Nasional Bhd (Petronas) have closed the previously announced transaction that saw Japex Montney Ltd, the Canadian subsidiary of Japan Petroleum Exploration Co Ltd (Japex), acquire a 10% interest in Progress Energy Canada’s natural gas assets in north-east British Columbia and in the proposed Pacific NorthWest LNG export facility on Canada’s west coast.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which is seeking approval of a C$5.2bil takeover of Progress Energy Resources Corp, has proposed a public offering of shares in the natural gas producer within five years as a concession to Canada's government, a person with knowledge of the matter said.
PETALING JAYA: ACE Market-listed information technology company Sterling Progress Bhd was one of the most actively traded counters of the day, with shares closing 58.33% or 7 sen higher to 19 sen on the back of a potential new business stream and shareholder entering the company, said sources.
Petroliam Nasional Bhd (Petronas) has proposed a public offering of shares in Progress Energy Resources Corp if it gets the Canadian government's approval for its US$5.2bil takeover, Bloomberg reported.
Petroliam Nasional Bhd (Petronas) has unveiled three investment components in Canada which would involve building a pipeline and facilities after it cleared the last obstacle to the US$5.3bil takeover of Progress Energy Resources Corp.
PETALING JAYA: Petroliam Nasional Bhd (Petronas) is expected to almost triple its international unconventional gas reserves to one billion barrels of oil equivalent (boe) after the takeover of Canadas Progress Energy Resources Corp.