BornOil – BusinessCircleKL

Jack Wong Appointed Verde Resources President and CEO

September 13, 2022September 13, 2022EditorialLeave a Comment

Verde Resources, Inc (Verde) has appointed Jack Wong as its new President and CEO (left in pic) effective Oct 1st 2022. Verde, which is a publicly listed company on the United States’ OTC Markets Stock Exchange, is an associated company of Borneo Oil Berhad (BornOil). “Jack’s appointment serves as a ‘catalyst’ to realize our aspirations […]

Macquarie Bank Takes Stake in BornOil

August 30, 2022August 30, 2022EditorialLeave a Comment

Borneo Oil Berhad (BornOil) has announced that the company has entered into a Subscription Agreement with Macquarie Bank Limited for the latter’s subscription of up to 550,000,000 placement shares representing 6.35% of the total current number of issued shares (excluding treasury shares) of BornOil. In an announcement to Bursa Malaysia Securities Berhad this evening, BornOil said that this development […]

BornOil Executive Directors Datuk Joseph Ambrose Lee (centre) and Georgianne Suzanne Lingam (left) and Softwise Director Datuk Raymond Tan Shu Kiah.

BornOil Executive Directors Datuk Joseph Ambrose Lee (centre) and Georgia Suzanne Lingam (left) and Project Director Datuk Raymond Tan Shu Kiah.

BornOil and Softwise Work Towards Sustainable Food Supply in East Malaysia

July 25, 2022July 25, 2022EditorialLeave a Comment

Partnership starts with development, management of grain maize supply sourced from local communities as animal feed. To ensure a continuous food supply chain for Sabah and Sarawak and Malaysia eventually, the Borneo Oil Berhad (BornOil) Group today signed a partnership agreement in Kota Kinabalu with Softwise Sdn Bhd (Softwise) for the development and management of […]

BornOil Acquires Stake in Sabah Clinker and Cement Plant

April 8, 2022April 8, 2022EditorialLeave a Comment

Borneo Oil Berhad (BornOil) has entered into a supplemental agreement to acquire a stake in a group which owns the only integrated clinker and cement plant in Sabah. In a statement to the stock exchange, the company said that it had entered into the agreement with Labuan-based MT 23 Resources Ltd (MT23) for the acquisition […]

BornOil Records Massive Profit Increase in FY2021

March 1, 2022March 1, 2022EditorialLeave a Comment

Borneo Oil Berhad (BornOil) has announced a strong set of results for its second quarter ended 31 December 2021 with net profit soaring almost ten folds to RM10.27 million (2020: RM1.68 million). This was posted on the back of increased revenue of RM18.37 million (2020: RM10.01 million) for the quarter. Subsequently, BornOil posted net profit […]

BornOil to Expand Pahang Mining Activities

May 7, 2021May 7, 2021EditorialLeave a Comment

The Borneo Oil Berhad (BornOil) group has expanded its mining activities in Pahang following the approval of a new mining lease pursuant to its Exclusive Production Sharing Agreement (EPSA) with HDL Global Sdn Bhd (HDL). The new lease forms part of a mining area measuring approximately 1,200 hectares (3,000 acres) at an area located at Hutan Simpan Bukit Ibam, Keratong, Rompin, Pahang contracted to […]

BornOil Makes RM1.8m Acquisition in Syarikat Ratna Pur

March 27, 2021March 27, 2021EditorialLeave a Comment

In an announcement that had flown under the radar of the investment community, the Borneo Oil Berhad (BornOil) group announced last Thursday, 25 March 2021 that it had entered into an agreement to acquire an entity with a mining lease in Pahang. The entity is Syarikat Ratna Pura Sdn Bhd (SRP) which BornOil would be […]

BornOil looking forward to a more vibrant economy, easier regulations and business friendly atmosphere

May 28, 2018EditorialLeave a Comment

BornOil executive director Raymond Teo expressed his hope for and politicians to be reminded of their great responsibilities to ensure there will be less abuses in the years to come