WHY SO FAST SAY YES????? BRING UP THE OFFER PRICE LAH ....
Ramunia will sell its fabrication business to Sime Darby, leaving it without a core business but it plans to stay inthe oil and gas industry. The company yesterday accepted Sime Darby's RM232m cash and share offer. Theywill sign the deal by May 21. A source close to Ramunia said that the company plans to keep its cranemanufacturing and equipment maintenance units. These businesses make up less than a tenth of Ramunia'srevenue and net profit. It wants to grow this and probably invest in other oil and gas-related activities. "By selling(the business), Ramunia would rid itself of debts and focus on growth. But it would also leave the companywithout a core asset," the source said. (BT)