Ramunia up on stake sale talks
New Straits Times(BizNews)
3 October 2006

Share of oil and gas fabricator, Ramunia Holdings Bhd, were higher after announcing that its parent may sell its stake to Sime Darby Bhd.

Ramunia Gained 3 sen, or 2.42 per cent, to close at RM1.27. Sime Darby was unchanged at RM6.

Last Friday, Ramunia told Bursa Malaysia that its parent, Ramunia Energy & Marine Corp Sdn Bhd (Remcorp), is now in “preliminary discussion with Sime Darby” to sell a stake in Ramunia.

Remcorp holds a 54.3 per cent stake in Ramunia as at end-February. Ramunia also said that it won a RM200 million engineering contract for an oilfield project in Terengganu last week.