News

Appointment of Group CEO

We are pleased to announce the appointment of Datuk Lim Thean Shiang as our new Group Chief Executive Officer and an Executive Director on the Board, effectively 24 March 2015.
  • 24 Mar, 2015
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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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