Deleum unit ups stake in gas turbine supplier to 90%

Quick Summary:

KUALA LUMPUR: Deleum Bhd's wholly-owned subsidiary Deleum Services Sdn Bhd has purchased an additional 16% stake in gas turbine supplier Turboservices Sdn Bhd from Solar Turbines International Company for RM7.34mil.

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The group said the acquisition will facilitate increased control over Turboservices' operations and simplify its management.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Corporate News Deleum Acquisition Turboservices /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 12:55:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 99 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23441542

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