Perisai acquires 51pc stake in Intan Offshore

Perisai Petroleum Teknologi Bhd, a growing supplier of vessels and a solutions provider for the oil and gas industry, has proposed to acquire a 51 per cent equity interest in Intan Offshore Sdn Bhd for RM45.237 million. 
The acquisition will be satisfied with the issuance of 70.683 million new shares in Perisai at an issue price of 64 sen each. 
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Source: Business Times