2008

Change in Boardroom and Audit Committee

Dato’ Koh Kin Lip joined the Company as Independent Non-Executive Director. Dato’ Koh Kin Lip was appointed as member of Audit Committee of the Company. Mr Tham Jooi Loon resigned as member of Audit Committee of the Company.
  • 22 Dec, 2008
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Proposed ESOS and Share Buy-Back

We announced the followings:- (i) Proposed establishment of an Employees’ Share Option Scheme for the eligible directors and employees of DMB and its subsidiary companies; and (ii) Proposed authority for the Company to purchase up to Ten per cent (10%) of its issued and paid-up share capital.
  • 22 Dec, 2008
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Proposed Acquisition

We announced the proposed acquisition of 80% equity interest in Proffscorp Sdn Bhd (“Proffscorp”), for a cash consideration of RM22.8million. Proffscorp is principally engaged in ownership and hiring of forklifts, cranes and heavy machineries and provision of related manpower services in the onshore and offshore oil & gas industry.
  • 18 Dec, 2008
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Proposed Extension of Time

We announced the submission of an application to the Securities Commission for an extension of time from end 2008 to end 2009 for the Company to fully utilise the balance unutilised IPO proceeds on the expansion in production facility.
  • 17 Dec, 2008
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Acquisition of New Subsidiary

We announce that the Proposed Acquisition of Meridian Orbit Sdn Bhd had been duly completed on 21 November 2008.
  • 21 Nov, 2008
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Proposed Private Placement

We announce that the application to Bursa Malaysia Securities Berhad for the listing of the placement shares in respect of the Proposed Private Placement has been approved.
  • 31 Oct, 2008
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Proposed Private Placement

We announce that the application to Securities Commission for the listing of the placement shares in respect of the Proposed Private Placement has been approved subject to several conditions.
  • 21 Oct, 2008
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Completion of Acquisition

We announce that the Proposed Acquisition of Proffscorp Sdn Bhd had been duly completed on 16 September 2008.
  • 16 Sep, 2008
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Proposed Private Placement

We announce that the Company proposes to issue new ordinary shares of RM0.10 each in DMB not exceeding ten percent (10%) of the issued and paid-up share capital of the Company through a private placement exercise.
  • 15 Aug, 2008
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