KUALA LUMPUR (AFX-ASIA) – Crest Petroleum Bhd has proposed to buy Sapura Energy Sdn Bhd for RM186.3 million cash and is planning a cash call to raise RM150 million to partly finance the acquisition. (US$1=RM3.8). In a statement, the company said it is proposing a rights issue of 100 million shares together with 50 million…
MALAYSIA: Crest to buy Sapura Energy for RM186.3 million; plans cash call
Posted on August 5, 2003 by EnergyAsia