KUALA LUMPUR: Tanjung Offshore Bhd has bought a 67% stake in Hills Education Group Sdn Bhd which will enable it to venture into education and training development business.

The oil and gas services company said on Monday it had bought the stake, comprising 134,000 shares, for RM167,500 

It added the purchase consideration of RM167,500 had considered the potential business opportunities in education and training development business.

Hills Education Group has a paid-up capital of RM200,000. Prior to the purchase, Arnez Desmond George Fernandez owned 140,000 shares and Imran Asif Abdul Rahim the remaining 60,000 shares.

On May 30, Tanjung Offshore had signed an MoU with Fernandez and Imran to  jointly explore possible business opportunities and collaboration in the areas of education and training development.