Kumpulan Perangsang Selangor 30%-associate accepts Air Selangor takeover offer for SPLASH

 |  Friday, 10 August 2018 12:11  |  Published in CORPORATE

Diversified group Kumpulan Perangsang Selangor yesterday announced that its 30% associate company Syarikat Pengeluar Air Selangor Holdings Berhad (“SPLASH Holdings”) has accepted a takeover offer from Pengurusan Air Selangor Sdn Bhd (“Air Selangor”) to acquire 100% equity interest of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”).

The proposed takeover, announced on 3 August 2018, entails Air Selangor acquiring from SPLASH Holdings the entire 50 million ordinary shares and 350 million redeemable unsecured loan stocks (“RULS”) of SPLASH for a total purchase consideration of RM2.55 billion.

Malaysia’s Petronas delivers first LNG cargo to Japan’s Hokkaido Electric

 |  Friday, 03 August 2018 10:14  |  Published in CORPORATE

Petronas delivered its first liquefied natural gas (LNG) cargo through its subsidiary to Japan’s Hokkaido Electric Power Co Inc (Hokkaido Electric).

This delivery marks the beginning of MLNG’ s supply to Hokkaido Electric via a 10-year Sale and Purchase Agreement (SPA) signed on March 2, 2017.

PIC Receives Four Iso Certifications From SIRIM

 |  Tuesday, 31 July 2018 10:44  |  Published in CORPORATE

Petronas Refinery and Petrochemical Corporation Sdn Bhd (PRPC) recently secured four Internal Standard Organisation (ISO) certifications from SIRIM QAS International, for meeting internationally-recognised standards in executing the Pengerang Integrated Complex (PIC) project. 

Four certifications received are ISO 18788:2015 which sets out a global business and risk management framework for the management of security operations; ISO 29993:2017 for the conformity to interactive oil, gas and petrochemical training programmes; as well as ISO 14001:2015 and ISO 45001:2018 which emphasise compliance in the health, safety and environment (HSE) management and supervision.

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