DATUK Awang Daud Awang Putera is in talks to acquire a controlling stake in privately held oil and gas outfit, Transfame Sdn Bhd. Industry sources say the negotiations have reached an advanced stage, although there is no indication of what sort of price Awang Daud will pay for the oil and gas company. In the meantime, it is not known if Awang Daud is looking to inject Transfame into Sealink for shares and tighten his grip on the latter. Serba Dinamik is also an oil and gas company whose mainstay is operations and maintenance services, engineering, procurement, construction and commissioning. At present, the businessman has 83.7 million shares or 9.5% equity interest in Serba Dinamik, whose stock has gained more than 240% from its initial public offering price of RM1.50.

Source: The Edge Markets February 04, 2020 06:56 UTC