No further talks on potential takeover, says RH Petrogas

Singapore

RH PETROGAS, which a month ago disclosed that an investor had approached its controlling shareholders for a potential takeover of the company, said yesterday that there have been no further discussions or progress on the matter since then.

The upstream oil and gas company said in its announcement yesterday: "Although the potential investor has previously expressed interest in investing in the company, the controlling shareholders have to-date not received any offer nor indication of terms thereof from the potential investor."