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CBIP set to make foray into O&G sector
by Cals Sat 04 Jan 2014, 01:48
Published: Friday January 3, 2014 MYT 1:43:00 PM
Updated: Friday January 3, 2014 MYT 1:45:19 PM
CBIP set to make foray into O&G sector
KUALA LUMPUR: CB Industrial Product Holding Bhd (CBIP) has acquired two shares of TPG Oil & Gas Sdn Bhd for total cash consideration, which might see it venturing into the oil and gas sector.
CBIP said on Friday its unit AVP Engineering (M) Sdn Bhd had purchased two shares of RM1 each, representing the 100% stake of TPG, from Tengku Datuk Ardy Esfandiari Tengku A. Hamid Shah and Ku Azhar Ku Ahmad.
TPG’s authorised share capital is RM500,000 of 500,000 shares of RM1 each and the paid-up capital is RM2.
“Currently, the intended business activity of TPG is to engage in oil and gas businesses,” said CBIP.
Updated: Friday January 3, 2014 MYT 1:45:19 PM
CBIP set to make foray into O&G sector
KUALA LUMPUR: CB Industrial Product Holding Bhd (CBIP) has acquired two shares of TPG Oil & Gas Sdn Bhd for total cash consideration, which might see it venturing into the oil and gas sector.
CBIP said on Friday its unit AVP Engineering (M) Sdn Bhd had purchased two shares of RM1 each, representing the 100% stake of TPG, from Tengku Datuk Ardy Esfandiari Tengku A. Hamid Shah and Ku Azhar Ku Ahmad.
TPG’s authorised share capital is RM500,000 of 500,000 shares of RM1 each and the paid-up capital is RM2.
“Currently, the intended business activity of TPG is to engage in oil and gas businesses,” said CBIP.
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