Wednesday, 7 March 2012

Envair says no plan to inject O&G project into company

KUALA LUMPUR (March 7): Envair Holdings Bhd has denied a news article that a major shareholder in the company was expected to inject an oil and gas project worth as much as US$600 million (RM1.51 billion) into the company.

Envair had on Tuesday clarified that it had enquired its directors and major shareholder, and that that there was no proposal to date from the major shareholder to inject the project purportedly located in Eastern Europe into the company.

“The company also wishes to clarify that the article was published without seeking the due reference or consent from the company as the directors are not aware of the source of information,” it said.

The article was published in a local daily on March 6.

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...