"We believe it is an opportune time to enter the O&G industry as optimism and activities for service providers are expected to pick up," managing director Ruslan Nordin says.
KUALA LUMPUR: GFM Services Bhd
has acquired a 49% stake in a loss-making oil and gas contractor as the integrated facilities management service company seeks to broaden its revenue base.
Under the deal, GFM will subscribe to 2.88 million new shares in Highbase Strategic Sdn Bhd (HSSB) for RM1.
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