News

Retirement of Director

We announced the retirement of Tan Sri Dato Dr Azmil Khalili after a long and distinguished service as the Non-Executive Chairman of the Group.
  • 15 Jun, 2016
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Strategic Transformation

Our wholly-owned subsidairies, Daya Vessels Limited and Daya Offshore Construction Sdn Bhd, had respectively entered into a termination of charter and an assignment of charter proceeds with Siem Offshore Rederi AS (SORA) in relation to Siem Daya 2. This is primarily intended to eliminate the high-cost legacy contract and minimize future ongoing operating expenditures and
  • 20 May, 2016
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Legal Update

The Court of Appeal had heard the appeal of our subsidiary Daya OCI Sdn Bhd (DOCI) against Tideway Alliance Sdn Bhd and unanimously allowed our appeal with cost, hence successfully overturning the previous High Court judgement against DOCI.
  • 12 May, 2016
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Proposed Divestment

The Group proposed the divestment of 100% interest in Daya Urusharta Sdn Bhd to Daya CMT Sdn Bhd, a 51%-owned subsidiary, for a cash consideration of RM7 million and assumption of debt.
  • 15 Apr, 2016
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Quarterly Earnings

We announced our financial performance for the 4th quarter ending 31 December 2015.
  • 29 Feb, 2016
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New Subsidiary in Papua New Guinea

We announced the incorporation of a new wholly-owned subsidiary, DAYA PNG Limited, in Papua New Guinea to explore and undertake new business ventures in the country.
  • 19 Jan, 2016
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Senior Appointments

The Group appointed Mr. Yap Ee Seong as our Group CFO effective 1 January 2016. Mr Yap has been Acting Group CFO for the Group for the past five months. At the same time, we re-designated Ms Kok Wei Bee as CFO of Daya CMT Sdn Bhd, our main engineering and construction arm.
  • 1 Jan, 2016
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Purchase of Siem Daya 1

Our wholly-owned subsidiary Daya Global 1 Pte Ltd of Singapore completed the purchase of Siem Daya 1, an offshore subsea construction vessel, for US$120 million.
  • 17 Dec, 2015
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Issuance of Convertible Bonds

The Group successfully completed the issuance of Convertible Bonds amounting to RM126 million to Siem Offshore Rederi AS as part of the purchase consideration for Siem Daya 1 (SD1), an offshore subsea construction vessel. We expect the final completion of the vessel purchase to take place within the next few days.
  • 14 Dec, 2015
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Memorandum of Understanding

The Group entered into a Memorandum of Understanding with Petechim JSC of Vietnam, an associated company of PetroVietnam, to collaborate in marketing and providing oil & gas products and services to the Vietnamese market.
  • 4 Dec, 2015
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