Friday, 27 April 2012

Petra Energy shares up on Perdana Petroleum soliciting bids for stake

KUALA LUMPUR (April 27): PETRA ENERGY BHD [] shares advanced on Friday after Perdana Petroleum Bhd, formerly known as PETRA PERDANA BHD [] said it was soliciting bids for its entire 26.9% stake in Petra Energy.

At 9.38am, Petra Energy rose four sen to RM1.18 with 155,100 shares done.

In a statement to the exchange on Thursday, Perdana Petroluem said it had appointed CIMB Investment Bank Bhd to undertake a restricted tender for its 57.7 million Petra Energy shares.

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