PetDag to sell Sarawak LPG business to Petros unit in cash, share subscription deal

KUALA LUMPUR: Petronas Dagangan Bhd (PetDag) said it plans to sell its liquefied petroleum gas (LPG) business to PetrosNiaga Sdn Bhd (PNiaga) and subscribe to a 49 per cent stake in PNiaga as part of a business transfer and share subscription agreement (BTSSA) with PNiaga and Petroleum Sarawak Bhd (PETROS).

PNiaga is a wholly-owned subsidiary of PETROS.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Subscribe

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

Annual Plan

RM12.33/month
RM8.63/month

Subscribe

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

1 month

Free Trial

For new subscribers only

Subscribe
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!

Petronas Dagangan , PetDag , PNiaga , PETROS , LNG , Oil and gas

   

Report it to us.

Next In Business News
Trading ideas: MAHB, Gamuda, Southern Score, SC Estate Builder, KJTS, Sunview, Colform, Poh Kong, VS Industry, AZRB, Rexit
Gamuda signs major �500mil loan facility for London office redevelopment
Oil rises on US crude draw, Russia sanctions
Wall St surges as inflation data, bank earnings fuel rally
Directors keen on AI, diversity but face challenges
Bursa reverses gains to end lower ahead of US data
SC Estate Builder wins solar project
AZRB appoints new CEO and COO
Titijaya sees growing demand for ToD projects
Moderate export growth likely this year

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.