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RH Petrogas Limited ( (SG:T13) ) has issued an update.
RH Petrogas has engaged Singapore-based AiRTS Pte. Ltd. to design and build an AI-driven system to strengthen governance oversight of the Group’s procurement operations. The platform will leverage artificial intelligence, generative AI and machine learning, using AiRTS’ patented GenAI Twin technology tailored to the company’s systems, policies and governance frameworks.
The initiative is part of RH Petrogas’ broader response to findings and recommendations from an independent review triggered by whistleblowing allegations, signaling a move to tighten controls and improve continuous monitoring of procurement activities. The company indicated it will provide further updates as material developments arise, underscoring the importance of this governance upgrade for stakeholders and regulatory compliance.
More about RH Petrogas Limited
RH Petrogas Limited is an oil and gas company engaged in upstream exploration and production activities through its group of subsidiaries. The Group focuses on managing its field operations and related procurement functions within a regulated governance framework, emphasizing oversight and compliance across its supply chain activities.
Average Trading Volume: 5,776,742
Technical Sentiment Signal: Buy
Current Market Cap: S$192.3M
Find detailed analytics on T13 stock on TipRanks’ Stock Analysis page.