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Tuesday, December 14, 2010

Kencana Petroleum seeks partners (BT)

Kencana Petroleum Bhd is seeking strategic partners to further enhance its business opportunities and is not interested in mergers, group chief executive officer, Datuk Mokhzani Mahathir, said today.

"The company is looking for strategic partners that can enhance its capabilities in terms of technical and manpower resources, as well as rich in terms of market, regardless of whether it is a foreign or domestic company," he told a media briefing after the company's annual general meeting here today.

He said the company was not holding discussions with any party on mergers.

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