KUALA LUMPUR (Oct 7): Deleum Bhd confirmed today that its chairman Datuk Izham Mahmud has received several informal enquiries from several interested parties on his equity interest in the company. The company issued the announcement in response to The Edge Financial Daily's earlier report that stated billionaire Tan Sri Syed Mokhtar Albukhary may take up to 20% stake in Deleum. Quoting sources, the financial publication said Syed Mokhtar is eyeing oil and gas (O&G) assets in Iran and is considering Deleum as an avenue to park these assets. The report said Izham could be the one who is looking to cede his shareholding in the upstream O&G service provider. Shares in Deleum closed up two sen or 1.77% at its three-month high of RM1.15, for a market value of RM460 million.

Source: The Edge Markets October 07, 2016 10:52 UTC