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KUALA LUMPUR: Hibiscus Petroleum Bhd’s indirect wholly-owned subsidiary, Peninsula Hibiscus Sdn Bhd, has entered into a conditional sale and purchase agreement with Repsol Exploración, S.A., a Spanish oil and gas company, to acquire the entire equity interest in Fortuna International Petroleum Corp (FIPC) for US$212.5mil (RM876.88mil) cash.
Steel miller Lion Industries may be affected if steel prices trend lower as a result of the United States’ 25% tariff on steel imports, according to RHB Research.
PETALING JAYA: Yinson Holdings Bhd’s joint venture (JV) – PTSC Ca Rong Do Ltd – has been directed to halt its operations for the time being for the Ca Rong Do or Red Emperor field offshore Vietnam.
KUALA LUMPUR: Yinson Holdings Bhd’s joint venture PTSC Ca Rong Do Ltd, has been directed to halt its operations for the time being for the Ca Rong Do or Red Emperor field offshore Vietnam.
KUALA LUMPUR: CIMB Equities Research is retaining its Add for Yinson Holdings Bhd with a slightly lower target price of RM4.81 as it has deducted the perpetual securities from its sum-of-parts valuation as it had previously treated it as equity.
KUALA LUMPUR: Yinson Holding Bhd is eyeing several floating production storage and offloading (FPSO) projects in its current fiscal year ending Jan 31, 2018.