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Asian Energy Services Limited ( (IN:ASIANENE) ) has provided an update.
Asian Energy Services Limited, through its wholly owned subsidiary Asian Oilfield & Energy Services DMCC, has entered into a Share Purchase Agreement to acquire 100% of the share capital of Kuiper Holdings Limited and Kuiper Group Limited. This acquisition is part of the company’s strategic plan to enhance its service offerings and expand its presence in the energy services sector across the Middle East and Southeast Asia, leveraging Kuiper’s established operations in these regions. The acquisition, which is not a related party transaction, requires approval from the General Authority for Competition in Saudi Arabia.
More about Asian Energy Services Limited
Asian Energy Services Limited operates in the energy sector, providing a range of services including integrated operations and maintenance (O&M) solutions. The company focuses on expanding its global footprint, particularly in the Middle East and Southeast Asian markets.
YTD Price Performance: -15.41%
Average Trading Volume: 15,081
Current Market Cap: 14.39B INR
See more data about ASIANENE stock on TipRanks’ Stock Analysis page.