PETALING JAYA: London-listed Salamander Energy Plc has received two buyout offers, one of which is from a private financial invesment firm owned by Malaysian businessman, Jho Low.
The possible buyout of Salamander has another Malaysian angle: it could jeopardise the proposed “qualifying acquisition” by locally-listed Sona Petroleum Bhd, the special-purpose acquisition company, or SPAC, that in June had inked a proposal to buy a 40% stake in Salamander’s oil concession in the Gulf of Thailand.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
