Puncak Niaga is moving into the O&G business. How much you wanna bet it will diverse it ‘to concentrate on core competencies’ in about, ohh, 3 years or after the next election, whichever is the closer?
Dateline 2011-09-29:
Malaysian water treatment company Puncak Niaga will fully acquire construction and subsea services company Global Offshore Malaysia (GOM) and pipelay barge owner KGL for $59 million, the company has announced.
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