In addition to certain benefits that are crucial for its development, the oil and gas industry is hoping that some of the existing tax issues will be resolved in the Budget 2009, notes Vijay Iyer, Tax Partner, Ernst & Young. For full story, click here
Spanish utility Gas Natural has planned a euro-denominated bond issue. For full story, click here
Indraprastha Gas Ltd. declared that it has challenged oil regulator PNGRB’s authority to give licences for retailing CNG to automobiles and piped cooking gas to households before the Delhi High Court, saying the Government had not given the regulator explicit powers to do so. For full story, click here
Spain’s Gas Natural announced that it will issue 447.77 million new shares at 7.82 euros each to finance its takeover of Spanish utility Union Fenosa. For full story, click here
The board of directors is proposing a dividend of NOK 7.25 per share. For full story, click here
Scomi Group Berhad announced that on behalf of the Company, CIMB Investment Bank Berhad (CIMB) proposed to undertake a renounceable rights issue of up to 554,418,350 Rights Shares on the basis of one Rights Share for every two SGB Shares held at an issue price of MYR0.30 per Rights Share. For full story, click here
Scomi Group Berhad announced that on behalf of the Company, CIMB Investment Bank Berhad (CIMB) proposed to undertake a renounceable rights issue of up to 554,418,350 Rights Shares on the basis of one Rights Share for every two SGB Shares held at an issue price of MYR0.30 per Rights Share. For full story, click here
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