BornOil executive director Datuk Joseph Ambrose Lee said that the company has a solid asset base with net tangible asset (NTA) of RM0.11 per share and total assets of RM824 million against total liabilities of just RM56 million.
KUALA LUMPUR: Borneo Oil Bhd (BornOil) executive director Datuk Joseph Ambrose Lee has emerged as the company's largest shareholder with a block purchase of 1.25 billion BornOil shares.

In a filing to Bursa Malaysia today, the company said Joseph had made the purchase