Proposed acquisition. Kencana has proposed to acquire the remaining shares that it does not own in three companies i.e. 25%-owned MKR1, 60%-owned KMD and 25%-owned MKR Labuan. The proposed acquisitions from Singapore-listed Mermaid Maritime will cost US$66.6m (RM211m) cash, comprising US$43.7m for the shares plus US$23.0m to settle intercompany loans and other debts in the three companies.
Kencana Petroleum Berhad : Proposes To Take Control Of MKR1 - 22/6/2010
No comments:
Post a Comment