Bumi to invest in FPSO unit

Malaysia's Bumi Armada is focusing on its core floating production storage and offloading vessel business by allocating an additional 120 million ringgit ($31.8 million) to a new total of 1.52 billion ringgit.

Ringgit: Bumi is reallocating extra funds raised in a rights issue towards its FPSO business
Ringgit: Bumi is reallocating extra funds raised in a rights issue towards its FPSO business
Published 2 July 2015, 04:30Updated 3 July 2015, 06:41
Asia & Oceania