According to the company, the disposal of its stake in MEPWM was part of the winding down of its oil and gas equipment supplies and services segment.
SINGAPORE (Jan 3): Catalist-listed Magnus Energy group has been hit with a notice of compliance (NOC) from the Singapore Exchange Regulation (SGX RegCo), following a recent transaction that might have breached listing rules.
On Friday, the bourse highlighted that Magnus Energy had sold its 50% indirect stake in Mid-continent Environmental Protection (MEPWM) to its own existing director, Chong Yen Yee, for RM1 (33 cents).
