Way to go, GBH. Going from toilets to turbo machinery, literally. I knew Dynac when the were putting AHUs on Esso’s platforms.
Dateline 2014-07-03, The Sun:
Ceramic maker Goh Ban Huat Bhd (GBH) is proposing to acquire all shares of Dynac Sdn Bhd via a reverse takeover (RTO) for RM632 million. Dynac specialises in providing contract work, support products and services for the oil and gas industry.
In a filing with Bursa Malaysia, GBH said it has entered into a memorandum of agreement (MoA) with Datuk Abdul Rahman Mohamed Shariff and Normala Mohd Sharif for the proposed acquisition, which will see Abdul Rahman emerge as the single largest substantial shareholder in GBH.
The proposed acquisition will be satisfied via RM210 million in cash and the balance via the issuance of new GBH shares valued at RM2.00 each.
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Wata - Malaysian Oil and Gas Engineer 