Malaysia: After picking Shell's 51% stake in SRC, MHIL plans major investments, debt refinance

Chairman Iain Lo (left) and managing director Amir Bakar.

Malaysia Hengyuan International Ltd (MHIL) – the Chinese private refiner who acquired 51 per cent majority stake in Shell Refining Company (Federation of Malaysia) Bhd’s (SRC) – is planning to make major investments and refinance debt in the oil refining company.

MHIL acquired majority stake in SRC for $66.3 million from Shell Overseas Holdings Ltd in February.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter