News

Memorandum of Understanding

Our wholly-owned subsidiary, Meridian Orbit Sdn Bhd, entered into a Memorandum of Understanding with Glotel Sdn Bhd to jointly explore subsea installation opportunities within South East Asia.
  • 9 Mar, 2015
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Revised Terms of Disposal

We agreed to a revision of terms for the disposal of Daya CMT Sdn Bhd (“DCMT”) whereby Perfect Propel Sdn Bhd has unconditionally waived its rights to sell its 30% stake in DCMT back to DMB.  Concurrently, we have also agreed to reduce the call option price for an additional 45% stake in DCMT.
  • 4 Mar, 2015
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Quarterly Results

We announced our Group operating performance for the quarter ending 31 December 2014.
  • 26 Feb, 2015
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Revised MOA

We announced that MOAs entered into with Siem Offshore with respect to the  purchase of 2 vessels had been amended.
  • 20 Jan, 2015
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Extraordinary General Meeting

We were pleased to announce that at the EGM held on 9 December, our shareholders approved all resolutions relating to the purchase of vessels, private placement, rights issue with warrants and increase in authorized capital.
  • 9 Dec, 2014
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Quarterly Results

We announced our group operating performance for the quarter ending 31 September 2014.
  • 25 Nov, 2014
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Proposed Placement

We are pleased to announce that we have received an offer from Norzain Abdul Wahab to subscribe to 50,000,000 Placement Shares at a price of 26.5 sen. Our acceptance is subject to Bursa and shareholders’ approvals.
  • 1 Oct, 2014
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Appointment of New Director

We are pleased to announce the appointment of Encik Aminudin Arif on our Board as an independent non-executive director.
  • 1 Oct, 2014
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Proposed Placement

We are pleased to announce that we have received an offer from Datuk TS Lim to subscribe to 100,000,000 Placement Shares at a price of 26.5 sen. Our acceptance is subject to Bursa and shareholders’ approvals.
  • 25 Sep, 2014
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Corporate Exercise

We proposed the following acquisitions and fund raising exercises: 1) Acquisition of two offshore construction vessels (OCVs); 2) Private placement; 3) Rights issue with warrants; 4) Convertible bonds; and 5) Increase in authorized capital.
  • 12 Sep, 2014
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