Tanjung Offshore reverse takeover opposed

PETALING JAYA: The proposed reverse takeover (RTO) of Tanjung Offshore Bhd (TOB) by several parties, including a unit of Paris-based oil and gas (O&G) giant Bourbon SA, is being opposed by a group of minority shareholders who want the option of being able to sell their shares to the new owners.

They also raised the likelihood of the RTO hitting a snag, given that the exercise needs the nod from Ekuiti Nasional Bhd (Ekuinas).