Company Briefs
Falcon unit buys 50% of Brunei firm
A SUBSIDIARY of Falcon Energy Group Ltd has acquired a 50 per cent stake in Brunei firm Maritim Indah Sdn Bhd for B$62,500 (S$62,500). Following the acquisition by Sears Marine SA, which is registered in Panama, Maritim Indah is now a joint venture company of the Falcon group.
Maritim Indah is an offshore oil and gas products and services provider and is also in the business of owning, chartering and operating vessels.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P Global first-quarter profit beats estimates on strong product demand
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources
Far East Orchard acquires 49% stake in UK-based purpose-built student accommodation operator for £17.6 million
Nestle sales growth sputters on US slump, vitamin snags
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response