Corporate digest

Ramba Energy

OIL and gas company Ramba Energy has changed its name to Eneco Energy following a placement of S$10.2 million worth of new shares to Eneco Investment, a management consultancy owned by a Japanese firm.

In an earlier circular to shareholders, Ramba said that the name change would help it reap the benefits of its association with Eneco Investment and reflect the introduction of new business to the company. The change of the company's trading counter name to Eneco Energy on the Singapore Exchange main board will take effect at 9 am on Monday, March 18.