KNM forms O&G JV with HMS

KNM Group Bhd has signed a shareholders cum joint-venture agreement with HMS Oil and Gas Sdn Bhd to form KNM HMS Energy Sdn Bhd (KHE) to secure opportunities in the upstream oil and gas (O&G) sector in Malaysia.

KNM will hold a 70% stake in KHE with the balance 30% being held by HMS, KNM said in a Bursa Malaysia’s filing.