Sumatec to fund Borneo Energy buy via rights issue
www.thesundaily.my 18-Jul-2014 6:00 AM
KUALA LUMPUR: Sumatec Resources Bhd plans to undertake a rights issue to partly fund the proposed acquisition of Borneo Energy Oil and Gas Ltd, which it aims to complete this year, said its CEO Chris Dalton.
He said the deal is currently valued at US...
Sumatec details funding for new Kazakh assets
www.thestar.com.my 18-Jul-2014 7:00 AM
KUALA LUMPUR: Sumatec Resources Bhd plans to raise half the amount it needs to pay for two new assets worth US$250mil (RM794mil) it is proposing to buy in Kazakhstan via a rights issue and the rest through an issuance of shares.