Federal International to Up Stake in Vietnam's SRE to 18% in SG$1.5 Million Deal
MT Newswires07-29 11:26
Federal International (2000) has signed a share subscription agreement to acquire 713,549 new shares in SRE Holdings Investment and Development for SG$1.5 million, raising its total stake in the Vietnamese energy company to 18%.
The newly subscribed shares represent roughly 11.04% of SRE's enlarged share capital, according to a Tuesday filing with the Singapore Exchange.
The integrated oil, gas, and energy services provider said the transaction deepens its participation in SRE and expands its footprint within Vietnam's energy sector.
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