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PETALING JAYA: Icon Offshore Bhd is buying a subsidiary of Perisai Petroleum Bhd that owns and operates a jack-up rig known as Perisai Pacific 101 (PP101) at a price tag of US$40mil (RM173mil), according to sources
Significant debt reduction and better fleet utilisation are part of firm’s recovery story
LONDON: Thomas Cook Group Plc’s collapse may prove lucrative for some.
PETALING JAYA: CLIQ Energy Bhd, a special-purpose acquisition company (SPAC), will distribute the remaining cash in its trust account to its shareholders by the end of this month.
PETALING JAYA: Red Sena Bhd, the first food and beverage special purpose acquisition company (SPAC), has proposed to liquidate its business after several failed attempts to secure a qualifying acquisition (QA) within the permitted time frame.
KUALA LUMPUR: Sona Petroleum Bhd, a special purpose acquisition company (SPAC), has obtained tax clearance and plans to make the final distribution of the remaining cash in April.
KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.