News

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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Strategic Divestment

We proposed the sale of 16.9% equity stake in a subsidiary Daya OCI Sdn Bhd (“DOCI”), a specialist in HVAC, EPCC and chemicals, for RM9.2 million. Upon completion of this exercise, the Group will retain 51% stake in DOCI.
  • 1 Dec, 2015
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Strategic Investment

The Group successfully completed the acquisition of another 11.3% equity stake in Daya Maxflo Sdn Bhd (“DMAX”), a subsurface and well services specialist, for approximately RM2.96 million. This investment will increase the Group’s stake in DMAX from 50.7% to approximately 62%.
  • 30 Nov, 2015
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