Sapura Energy Berhad (Sapura Energy) and OMV have signed a Share Subscription Agreement and a Shareholders’ Agreement to form a strategic partnership.
Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft, will buy a 50 per cent stake of the enlarged issued share capital in a newly formed joint venture company, SEB Upstream Sdn Bhd (SUP), based on an enterprise value of up to U$D1.6 billion comprising an equity value of up to US$1,250 million and debt of US$350 million.
Serba Dinamik Holdings Berhad, a global integrated engineering services provider, announced the successful securement of thirteen operations and maintenance contracts through both its wholly-owned subsidiaries, Serba Dinamik International Ltd (SDIL) and Serba Dinamik Sdn Bhd (SDSB).
The group said four contracts were awarded to its wholly-owned subsidiary Serba Dinamik International Ltd (SDIL) for O&M works in the Middle East.
CCM Duopharma Biotech Berhad and SCM Lifescience Co., Ltd. of Korea announced that they have entered into a share subscription agreement (SSA).
Whereby CCM Duopharma acquired common shares and redeemable preference convertible shares in SCM Lifescience upon and subject to the terms and conditions set out in the SSA.