Malaysia’s oil and gas-based BIG Industries Bhd is venturing into marine transportation by acquiring a 47.2% stake in Singapore-listed Penguin Boat International Ltd for S$23.62 million to be financed by a share swap and cash. (US$1=S$1.72). According to the Edge newspaper, BIG has proposed to issue new shares at RM2.478 and pay S$13.62 million cash…