Naim Indah, Keloil form joint venture

KUALA LUMPUR: Naim Indah Corp Bhd (Nicorp) has entered into a joint-venture agreement with Keloil Sdn Bhd to form an unincorporated joint venture for the purpose of carrying out business in the oil and gas industry.

In a filing with Bursa Malaysia, Nicorp said the total financing for the joint venture had not been determined at this juncture.

Nicorp said the joint venture was expected to diversify its income stream in the long run. - Bernama