The Group has sold the global oil business to VD for $ 1.4 billion

The troubled treasure group (NOBG.SI) agreed to sell the oil business to $ 4 billion to Vodafone, one of the strategies to cut its debt business. The treasure of the oil business is mainly concentrated in the Americas.

Lai Bao also said that the third quarter is expected to be a loss, mainly due to the sale of specific assets and business has brought non-cash losses.