Sumatec to miss RM1b revenue target
www.thesundaily.my 9-Apr-2015 10:00 AM
KUALA LUMPUR: Oil and gas firm Sumatec Resources Bhd's will miss its initial revenue target of RM1 billion by 2015 by a mile, with it only likely to be in sight in the next two to three years given the current low oil price scenario.
"We were in (bad...
AsiaBio diversifies into O&G transportation
www.thesundaily.my 28-Jan-2015 6:00 AM
KUALA LUMPUR: Asia Bioenergy Technologies Bhd's (AsiaBio) proposed venture into the oil and gas transportation industry, will see new shareholders, including Tan Sri Halim Saad-linked Sumatec Resources Bhd, hold a collective stake of more than 20% in...
Sumatec cuts price for asset buy
www.thesundaily.my 12-Jan-2015 9:00 AM
PETALING JAYA: Sumatec Resources Bhd has reduced the acquisition price for the entire stake in Borneo Energy Oil and Gas Ltd following the decline in global oil prices and Sumatec's share price in recent months.
In a filing with the stock exchange, S...