Malaysia-listed Straits Inter Logistics Berhad (SIL), the parent of bunkering firm Tumpuan Megah Development Sdn Bhd (Tumpuan Megah), has changed its company name to Straits Energy Resources Berhad with effect from Thursday (19 August), it said.
The company’s securities on Bursa Malaysia will be traded and quoted under the new names with effect from 9.00 a.m., Tuesday, 24 August 2021.
Straits Energy Resources Group Managing Director Dato Sri Ho Kam Choy in early July said the purpose of the name change is to further reflect on the group’s fast-growing business as it explores more synergistic opportunities in the sustainable energy and alternative energy space.
Manifold Times earlier reported Straits Energy Resources receiving approval from Marine Department Malaysia on 30 July 2021 to commence operations to develop an integrated offshore Ship-to-Ship Transhipment Hub.
The company posted a 26% rise on year in profit for the quarter ended 31 March 2021.
Related: Tumpuan Megah Development to collaborate with Petronas for bunker deliveries
Related: Straits Inter Logistics receives government approval to develop STS hub
Related: Straits Inter Logistics subsidiary to become STS operator at Victoria Bay, Labuan
Related: Malaysia: Straits Inter Logistics gears up for USD 3.6 million STS hub project
Related: Malaysia: Straits Inter Logistics posts 26% rise on year in profit for Q1 2021
Photo credit: Esmonde Yong on Unsplash
Published: 20 August, 2021
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