RH PetroGas Hires AiRTS to Improve Procurement Activities; Shares Surge 11%

MT Newswires

03/12

RH PetroGas (SGX:T13) enlisted the services of AiRTS to design and build a system to allow oversight of its procurement operations through AI, according to a Wednesday filing with the Singapore Exchange.

Shares of the upstream oil and gas company surged nearly 11% in Thursday trading.

AiRTS previously completed the assessment of the feasibility of GenAI Twin with a view to improve efficiency and effectiveness of the company's procurement activities.

The engagement is part of the company's strategy to enhance its governance and oversight, following whistleblowing allegations.

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