Guocoland buys stakes in Eco World International

 |  Monday, 20 February 2017 11:11  |  Published in CORPORATE

Kuala Lumpur, Feb 20 - Eco World International Bhd (EWI) has signed a share subscription agreement with Guocoland Ltd, in which the latter will take up a 27% stake in EWI's enlarged issued and paid-up capital. 

EWI also signed a retail underwriting agreement with six banks to underwrite its retail offering comprising 408 million initial public offering (IPO) shares, representing 17% of its enlarged issued and paid-up capital.

The Armada Kraken FPSO Safely Completes Hook-Up In The North Sea

 |  Friday, 17 February 2017 17:44  |  Published in CORPORATE

Kuala Lumpur, Feb 17 - Bumi Armada’s Armada Kraken FPSO arrived at the Kraken field in the UK North Sea on Monday February 13, 2017.

The hook up of the Submerged Turret Production (‘STP’) buoy mooring system, to the FPSO was completed on 15th February and a full rotation test performed so that the vessel is now on station and securely moored.

Destini to Supply Military Helicopters For Malaysian Army

 |  Friday, 17 February 2017 14:50  |  Published in CORPORATE

Kuala Lumpur, Feb 17 – Destini Bhd today acquired military helicopter supply company, Halaman Optima Sdn Bhd (HOSB) for RM5.5 million to enable the Group to supply six reconnaissance helicopters to the Ministry of Defence for the Malaysian Army. 

The acquisition of the 70% stake of HOSB was made done through Destini’s wholly-owned subsidiary Destini Prima Sdn Bhd (DPSB), a unit of the Group which is principally involved in defence aviation maintenance, repair and overhaul (MRO) services.

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