Hah, and I always said we could have a bottled water vendor in the O&G space.
Dateline 2014-05-05, Seatrade Global:
A Sarawak-government linked group is believed to be looking at injecting MYR200m ($61.5m) in oil and gas (O&G) fabrication assets into a reverse takeover of loss-making bottled water company BIO Osmo to transform it into an O&G company, local reports said.
The speculation has also been prompted by recent changes in its shareholding, including the emergence of Tanjung Offshore managing director Harzani Azmi as a substantial shareholder in January.
Tanjung is looking for a core business after selling its offshore supply vessel business to Ekuiti Nasional for MYR220m in July 2012.The group has been on the look-out for a shell company for some time and Bio Osmo, which is debt free after having undergone a recent restructuring exercise, fits the bill.
…
Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 