Malaysian Manufacturing Firm Seeks to Hire Five as it Diversifies Into Bunkering
by Ship & Bunker News Team
Thursday January 7, 2021
Malaysian manufacturing firm
five employees into a new petroleum trading division. Techfast is proposing to take a
35% stake in Malaysian fuel supplier
CCK Petroleum, it said in a regulatory filing Wednesday. The deal will be worth
26.25 million ringgit ($6.5 million) in cash and shares. CCK s main focus is bunker supply at
Johor,
1.03 million ringgit in
379,316 ringgit loss the previous year. The firm s aim is the diversification of the existing principal activities of Techfast and its subsidiaries to include trading of petroleum products, oil bunkering and other related activities, the company said.