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NewsKencana-SapuraCrest targets CAGR of 15% to 20% in revenue
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Kencana-SapuraCrest targets CAGR of 15% to 20% in revenue
by hlk Thu 15 Dec 2011, 19:26
KUALA LUMPUR: The final hurdle in the merger of KENCANA PETROLEUM BHD [] and SAPURACREST PETROLEUM BHD [] was crossed on Thursday after Kencana’s shareholders gave their approval at its EGM.
Kencana group chief executive officer Datuk Mokhzani Mahathir told
reporters that the merged entity -- Sapura Kencana Bhd -- was looking at
a compound annual growth rate of 15%to 20% for revenue.
The merger was expected to completed by end-February 2012 and it was
on track to being listed in the first quarter of 2012 pending regulatory
approvals.
He said the merged entity would have 9,000 people on its payroll
globally across 20 countries ranging from Malaysia, Thailand, Brazil,
the US and India to Australia.
Kencana group chief executive officer Datuk Mokhzani Mahathir told
reporters that the merged entity -- Sapura Kencana Bhd -- was looking at
a compound annual growth rate of 15%to 20% for revenue.
The merger was expected to completed by end-February 2012 and it was
on track to being listed in the first quarter of 2012 pending regulatory
approvals.
He said the merged entity would have 9,000 people on its payroll
globally across 20 countries ranging from Malaysia, Thailand, Brazil,
the US and India to Australia.
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