For a principal amount of USD35.2m.
According to OSK, the Saudi Arabian oil and gas services company will subscribe for redeemable convertible capital securities issued by Vallianz for a principal amount of USD35.2m. Vallianz has also entered into an option agreement with Swiber where Swiber will be issued an aggregate of 500m non transferable share options raising proceeds of SGD27.5m.
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