2015

Offer to Purchase Daya CMT

We announced that we have received a notice from Perfect Propel Sdn Bhd, our 30% partner in Daya CMT Sdn Bhd, to purchase additional 50% stake in Daya CMT Sdn Bhd for a total consideration of RM30 million.
  • 29 Apr, 2015
  • Posted by DMBIT
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Proposed Acquisition of Vessel

We announced the proposed purchase of Siem Daya 1, an Offshore Subsea Construction Vessel, for a revised consideration of US$120 million via a addendum to a previously executed Memorandum of Agreement with Siem Offshore Rederi AS of Norway. We also retained a 18-month option to purchase Siem Daya 2 for US$140 million. In conjunction with
  • 24 Apr, 2015
  • Posted by DMBIT
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Proposed Divestment

We proposed the disposal of Daya Cutetech Inspection Services Sdn Bhd, a 50%-owned unit of our 51%-owned subsidiary Daya Petroleum Ventures Sdn Bhd for a total consideration of RM83,711.
  • 23 Apr, 2015
  • Posted by DMBIT
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Appointment of Deputy Group CEO

We are pleased to announce the appointment of Mr. Rayburn Ali as our Deputy Group Chief Executive Officer, effective 30 March 2015.
  • 30 Mar, 2015
  • Posted by DMBIT
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Appointment of Vice Chairman

We are pleased to announce the re-designation of Mr. Nathan Tham from Group Managing Director to Executive Vice Chairman, effective on 29 March 2015.
  • 30 Mar, 2015
  • Posted by DMBIT
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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
  • Posted by DMBIT
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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
  • Posted by DMBIT
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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
  • Posted by DMBIT
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Quarterly Results

We announced our Group operating performance for the quarter ending 31 December 2014.
  • 26 Feb, 2015
  • Posted by DMBIT
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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
  • Posted by DMBIT
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