From the Star – Ramunia Gears Up for O&G


Dateline 2011-01-27:

With the prospects of oil and gas (O&G) sector improving, it is not surprising that Ramunia Holdings Bhd would intensify its efforts to broaden business opportunities.

The acquisition of the Pulau Indah Integrated Fabrication Yard for RM83.8mil from Oilcorp Bhd is a strategic move to enable it to participate in the various O&G contracts under the Economic Transformation Programme (ETP).

“Ramunia is definitely a keen player in the O&G sector, considering its recent corporate moves,” an analyst said.

The company, which specialises in the fabrication of offshore O&G-related structures for major oil players in the world, had also confirmed that it was in preliminary talks to buy a stake in Syarikat Borcos Shipping Sdn Bhd.

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This entry was posted on Wednesday, February 2nd, 2011 at 6:00 am and is filed under investment, Malaysia. 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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