From Bernama – Technip May Acquire Up To 9.9% Stake In MISC Unit


From Bernama, dateline 2010-08-20:

French oil services company, Technip SA, may take up to 9.9 per cent stake in MISC Bhd’s unit, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB), which is en route for a listing on the Main Market of Bursa Malaysia.

In a filing with Bursa Malaysia, MISC said it has signed binding term sheet with Technip in relation to the strategic investment.

“Technip may take up 128 million units, or a maximum of 158.4 million ordinary shares of 50-sen each, in MHB. The quantum of shares will represent between eight and 9.9 per cent stake,” it said.

This entry was posted on Sunday, August 22nd, 2010 at 11:55 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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