EMS offloads stake in S’pore drilling services firm

Singapore: EMS Energy a 40% stake in Oilfield Services & Supplies (OSS) to Ong See Kong for S$8.5m. OSS is involved in distributing downhole drilling products and providing precision machining and drilling services to the oil, gas, mining and exploration industries.

Ong is the managing director of OSS and previously held 40% of the shareholding compared to EMS’s 60%. Ong founded OSS four years ago.  [11/12/12]

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