<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 14): Transocean Holdings Bhd is buying a 40% stake in Enfrasys Solutions Sdn Bhd from Enfrasys Consulting Sdn Bhd for RM20 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing to Bursa Malaysia, the logistics company said the purchase consideration will be settled via issue of new shares at RM1 per share. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“The purchase consideration is based on 10 times the guaranteed profit after tax of Enfrasys Solutions for the financial year ending Dec 31, 2021 (FY21) of RM5 million,” said Transoceas.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The issue price represents an approximate 18.84% premium to the five day-volume weighted average market price of Transocean shares up to and including April 13 of 84.15 sen, said the company.</p></div>

<div class=newsTextDataWrapInner><p>Transocean&nbsp; posted a net loss of RM2.82 million for FY20 compared with a wider loss of RM5.6 million the year before. Annual revenue came in lower at RM16.9 million in FY20 versus RM19.98 million previously.</p></div>

<div class=newsTextDataWrapInner><p>Transocean shares were last traded at 88 sen on Tuesday.</p></div>


Transocean Holdings Bhd is buying a 40% stake in Enfrasys Solutions Sdn Bhd from Enfrasys Consulting Sdn Bhd for RM20 million.

In a filing to Bursa Malaysia, the logistics company said the purchase consideration will be settled via issue of new shares at RM1 per share.

Transocean buys a 40% stake in systems integration firm Enfrasys  

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<p>Nestled along the main road of Bandar Sri Sendayan in Seremban, Negeri Sembilan, Suria Heights is a haven of tranquillity, luxury and sustainable elegance. Imagine a place where time slows down, giving you space to truly enjoy every moment. With inviting terraced homes and charming clusters and semi-detached homes, Suria Heights embraces warmth and environmental harmony, a uniquely beautiful place to call home.</p>
