News

Proposed Purchase of New Vessels

We proposed the purchase of two new Norwegian-built OSCVs (Offshore Subsea Construction Vessels) known as Siem Daya 1 and Siem Daya 2 for approximately US$280 million from Oslo-based Siem Offshore Rederi SA to complement our offshore support services in the region.  Simultaneously, we also proposed a comprehensive debt and equity fund raising exercise to raise
  • 22 Aug, 2014
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Listing of Reach Energy Berhad

We are pleased to announce the successful listing on Bursa Malaysia of Reach Energy Berhad, an exploration & production SPAC in which we are a cornerstone pre-IPO investor.  The company successfully raised RM750 million from the IPO, making it the largest SPAC on IPO to-date.
  • 15 Aug, 2014
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Completion of Strategic Divestment

We are pleased to announce the completion of divestment of 30% equity stake in Daya CMT Sdn Bhd for RM18 million to Perfect Propel Sdn Bhd.
  • 17 Jul, 2014
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Subscription of Reach Energy Berhad

We announced the purchase of additional Redeemable Convertible Preference Shares and subscription of additional ordinary shares in Reach Energy Berhad for a total consideration of approximately RM2.0 million.  Reach Energy Berhad is scheduled to be listed by August 2014.
  • 2 Jul, 2014
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Retirement of Key Executive

We announced the retirement of our President & Group CEO, Dato Mazlin Junid, who will continue to serve as a member of our Board in a non-executive capacity.
  • 1 Jul, 2014
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Listing Approval for Reach Energy

Reach Energy Berhad, a SPAC in which we are a pre-IPO cornerstone investor, had successfully secured the listing approval from the Securities Commission.
  • 20 Jun, 2014
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Strategic Divestment

We announced the divestment of a 8.5% interest in our subsidiary, Daya Proffscorp Sdn Bhd, to a strategic investor Wiramas Baiduri Sdn Bhd for RM2 million.
  • 16 Jun, 2014
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Memorandum of Understanding

We announced that our wholly-owned subsidiary Daya Offshore Construction Sdn Bhd entered into a MOU with Caracal Oil & Gas Services Limited to market its offshore subsea services in the African continent.
  • 6 Jun, 2014
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Joint Venture

We announced that Daya Sheffield Sdn Bhd, a JV of our subsidiary Daya OCI Sdn Bhd, had set up a wholly-owned subsidiary Daya Sheffield Pte Ltd in Singapore for the purpose of expanding our offshore manpower business.
  • 4 Jun, 2014
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Quarterly Earnings

We announced our operating results for the quarter ending 31 March 2014.
  • 28 May, 2014
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