Analysis: Sumatec Resources in the spotlight


KUALA LUMPUR: Sumatec Resources Bhd has been attracting strong interest since news of its major shareholder Tan Sri Halim Saad has raised his stake in the oil and gas services company.

The increase in his stake is ahead of the EGM on April 8 where shareholders decide on the company’s US$290mil proposed acquisition of oilfields and other assets in Kazakhstan.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

A house inspection outweighs its cost
Tenants and landlords have mutual responsibilities
Ringgit set for further appreciation amid cautious outlook on US economic data
Malaysia and Indonesia renew local currency bilateral swap agreement
Oil falls on the week on firmer supply outlook
Wong is CMI regional board member for Malaysia
Linking up golfers
Capital A, AAX overhaul is looking up
Long-term opportunity?
OB Holdings eyes RM28.8mil from ACE Market IPO

Others Also Read