Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Oct 16): Shares of Uzma Bhd rose 2.68% at mid-morning today after the company said it was acquiring a 30.04% stake of United Kingdom-based Rockwash Prep and Store Ltd to expand its services in laboratory testing and analysis of reservoir rocks, for an undisclosed amount. 

At 10.26am, Uzma rose 6 sen to RM2.30 with 10,000 shares done.

In a filing with Bursa Malaysia today, Uzma said the partnership would enhance its service offering in the oil and gas geoscience subsurface segment.

Commenting on this, Uzma's chief executive officer Datuk Kamarul Redzuan said Rockwash’ technology would expand and strengthen its geoscience and petroleum engineering department.

“Specifically for our laboratory services, giving Uzma further grip in our presence in this core area,” he added.

      Print
      Text Size
      Share