Bumi Armada raises equity through rights issue

Objektif Bersatu, the main shareholder of the Malaysian oilfield services provider, divests stake to subscribe to the rights offering.

The main shareholder of Malaysian oilfield services provider Bumi Armada Berhad divested part of its stake on Wednesday in order to subscribe to its right issue, announced the same day.

¬ Haymarket Media Limited. All rights reserved.

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