Malaysian investment holding company Deleum has terminated its RM60m ($14.3m) acquisition of oilfield service assets from Thailand's MPC Future. The acquisition, initially announced in June this year, was scrapped due to a lapse in meeting key conditions set out in the sale and purchase agreement (SPA), reported The Edge Malaysia. The proposed deal was due to be executed through a combination of cash and share issuance in Deleum's subsidiary, Deleum Oilfield Solutions Thailand (DOST). It was expected to ...