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Business 16 Jan 2003 | 12:00 AM

Sapura buys controlling stake in Crest Petroleum

SAPURA Telecommunications Bhd is strengthening its presence in the oil and gas sector with the purchase of a controlling 38.56% stake in Crest Petroleum Bhd from Renong Bhd for RM105mil cash, or RM3.60 a share.

Business 18 Jan 2003 | 12:00 AM

Sapura's long search is finally over

SAPURA Telecommunications Bhd's (Sapura) search for a meaningful core business is finally over with its recent acquisition of a 38.56 per cent stake in Crest Petroleum Bhd, a company whose mainstay is in offshore drilling, marine installations and marine construction.

Business 09 Apr 2003 | 12:00 AM

Sapura shareholders okay Crest buy

SAPURA Telecommunications Bhd has obtained its shareholders#146; ap- proval to proceed with the acquisition of up to 100% of Crest Petroleum Bhd.

Business 12 Apr 2003 | 12:00 AM

Sapura Energy expects higher contribution from overseas ventures

SAPURA Energy Sdn Bhd, which is venturing into Myanmar and Thailand this year, expects its overseas ventures to make a significantly higher contribution to its revenue for the financial year ending Jan 31, 2004.

Business 28 Jun 2003 | 12:00 AM

Call for higher Canada-M’sia trade

CANADA and Malaysia should look for ways to enhance bilateral trade although both countries are not major trading partners, International Trade and Industry Minister Datuk Seri Rafidah Aziz said.

Business 20 Sep 2003 | 12:00 AM

3 firms eye RM1b aircraft maintenance deal

THREE firms are eyeing a RM500mil-RM1bil military aircraft maintenance deal, which could include the sale of the former international airport at Subang, sources close to the matter said.

Business 09 Oct 2003 | 12:00 AM

Crest to buy US$70mil rig

CREST Petroleum Bhd will be acquiring a new US$70mil self-erecting tender-assisted drilling rig and taking over management control of its offshore drilling joint ventures with Norwegian-owned regional drilling contractor Smedvig Asia Ltd as part of a corporate rationalisation exercise.

Business 31 Oct 2003 | 12:00 AM

Sapura revamp ready soon

SAPURA Group expects to complete its restructuring exercise by the end of this year, its president and chief executive officer Datuk Shahril Shamsuddin said.

Business 04 Dec 2003 | 12:00 AM

Major boost for Crest order book

CREST Petroleum Bhd is in for a major boost of up to RM750mil to its order book after receiving the nod from shareholders yesterday to proceed with the purchase of Sapura Energy Sdn Bhd.

Business 24 Dec 2003 | 12:00 AM

New core centres to drive growth

The three CEOs we feature today are entrepreneurs who have carved a name for themselves in their respective businesses. They are Datuk Shahril Shamsuddin of the Sapura group of companies, Datuk Kevin Tan of TSH Resources Bhd, and Datuk Lim Kim Hong of I-Berhad.