Key West Global slumps 16pc
Publish date: Thu, 29 Mar 2012, 10:13 AM
Key West Global Telecommunications Bhd, a telecommunications products and services provider, slid 16 percent to 21.5 sen in Kuala Lumpur trading at 9.28am, the most since March 1.
The company agreed to buy 75 percent of oil and gas company PT Formasi Sumatera Energi for US$52.5 million.
The acquisition will be made through a convertible bond subscription, to be paid by cash and the issuance of new Key West shares priced at 12 sen each, Key West said in a statement. -- Bloomberg
The company agreed to buy 75 percent of oil and gas company PT Formasi Sumatera Energi for US$52.5 million.
The acquisition will be made through a convertible bond subscription, to be paid by cash and the issuance of new Key West shares priced at 12 sen each, Key West said in a statement. -- Bloomberg
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2012-03-29 21:39