Business News
Bumi Armada Allocates More Funds from Rights Issue to FPSO, FGS Units
Malaysia-based offshore oilfield services provider Bumi Armada Berhad raised approximately $525.23 million (MYR 1.979 billion) through a rights issue last October, with the firm approving changes to the utilization of funds Tuesday to provide more capital expenditure for the floating production, sto