PETALING JAYA: Sumatec Resources Bhd’s US$290mil (RM1bil) proposed acquisition of oilfields and other assets in Kazakhstan “appears fair and reasonable” according to independent adviser FHMH Corporate Advisory.
“The rationale for the proposed acquisition is fair and reasonable as it allows Sumatec to consolidate its position in the oil and gas industry while diversifying its revenue stream from the Rakushechnoye oil and gas field.
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