OIL & GAS
ENRA BUYS AUSTRALIAN SPECIALTY CHEMICALS DISTRIBUTOR FOR RM13.5M
Wednesday, 13 June 2018
KUALA LUMPUR (June 13): Enra Group Bhd is acquiring International Chemicals Engineering Pty Ltd (ICE), an Australian company involved in importing and distributing specialty chemicals in Australia and New Zealand.
The acquisition price will be a cash consideration of up to A$2.9 million (RM8.7 million) and the assumption of A$1.6 million of existing shareholders’ loans in ICE. The aggregate of these amount to A$4.5 million (RM13.5 million).
ENRA SELL 70% STAKE IN PROPERTY DEVELOPMENT FIRM FOR RM5.6M
Tuesday, 15 May 2018
KUALA LUMPUR (May 14): Enra Group Bhd has disposed of its 70% stake in property development firm Landmark Zone Sdn Bhd (LZSB) for RM5.6 million. "The divestment plan will enable Enra to monetise its investment in LZSB and provide the company with funds to reinvest in other more earnings accretive opportunities and to meet working capital requirements," the group said in a Bursa Malaysia filing.
ENRA SUBSIDIARY INSTALLS OFFLOADING AND STORING FACILITY OFF MYANMAR
Thursday, 03 May 2018
KUALA LUMPUR (May 3): Enra Group Bhd’s 60%-owned subsidiary Enra SPM Sdn Bhd (ESPM) has installed a single point mooring system (SPM) and storage tanker to support the production of gas condensate in Yetagun, an offshore gas field in the Andaman Sea, off the coast of Myanmar. In a statement today, Enra said the gas field is operated by Petroliam Nasional Bhd subsidiary PC Myanmar (Hong Kong) Ltd (PCML). It said the SPM and storage tanker provide condensate storing, as well as offloading facilities and services
ENRA SHAREHOLDERS APPROVE ASSET SALES
Friday, 09 February 2018,
KUALA LUMPUR: Enra Group Bhd's shareholders today approved low yielding asset sales to Tan Sri David Law Tien Seng for RM85.15 million.
"Shareholders have all voted in favour of selling off the low yielding asset as the proceeds will be used to pare down debt," said Enra deputy chairman Tan Sri Kamaluddin Abdullah. The assets are 40 retail units in Holiday Plaza, including 16 office units (for RM51.85 million), and the basement car park (for RM28 million).
Developer of residential and commercial projects in Kuala Lumpur and London, UK. The group also own retail, office and commercial space in Kuala Lumpur and Johor Bahru.
OIL & GAS
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