KUALA LUMPUR : Perisai Petroleum Teknologi Bhd ascended as much as one sen or 13% to 8.5 sen on raw petroleum value picks up, and after the organization said the US$20 million (about RM83 million) characteristic financing offer to the gathering would be made soon.
Perisai said this after the organization defaulted on its S$125 million (about RM378 million) security, which has a 6.875% coupon rate. The bond developed last Monday (Oct 3, 2016).
Perisai said the gathering and its joint-wander accomplice, Emas Offshore Ltd, got the financing offer from a budgetary institution.At 11:10 a.m. today, Perisai offers pared additions to exchange unaltered at 7.5 sen, with around 35 million shares executed. It was the second most effectively exchanged counter on Bursa Malaysia.
At 7.5 sen, Perisai has a business sector estimation of RM94.5 million. Perisai shares could have likewise taken the sign from overnight raw petroleum value picks up.
Reuters reported oil climbed more than 1% to four-month highs on Thursday, prodded by another casual OPEC meeting on yield cuts and diving U.S. unrefined inventories, with some colloquialism the business sector has overshot itself with a close to 15% addition in seven sessions.
Brent rough settled up 65 pennies or 1.3% at US$52.51 a barrel.
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