Ezra wants Perisai dispute resolved to prevent costly legal battle


File picture shows Perisai Petroleum

KUALA LUMPUR: A major shareholder of Perisai Petroleum Teknologi Bhd has signalled to the beleaguered oil and gas firm that it is willing to settle a current dispute over a share sale agreement (SSA) involving the sum of US$43mil (RM190.92mil).

Singapore-listed Ezra Holdings Ltd, which holds a 22.5% stake in Perisai, said that its subsidiary Emas Offshore Ltd (EOL) hopes to work towards resolving various issues relating to SJR Marine (L) Ltd, which is a 51:49 joint venture (JV) between Perisai and EOL.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!

Business , perisai , ezra , oil , stocks , shares , debts , Emas , EOL ,

   

Next In Business News

CLMT appoints Yong Su-Lin as CEO
Ringgit steadies around 4.50-level against U dollar
Chiew Ho Foundation becomes substantial shareholder in AYS Ventures with 57.27% stake
Atlan expects challenging business environment ahead
Bank Islam, Solar Voltech ink RM105.2mil solar financing agreement
Yinson Production secures US$1bil investment from consortium of international investment firms
Oriental Kopi IPO oversubscribed by 59.96 times
FBM KLCI finishes 0.58% lower, hitting six-month low
Sunway Property appoints Chung Soo Kiong as new managing director
StanChart forecasts ringgit to strengthen to 4.40 against US dollar by end-2025

Others Also Read