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Daya Materials Bhd (DAYA.KL)

DAYA.KL on Kuala Lumpur Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Daya Materials Bhd says Axima awarded a subcontract to DOCI
Wednesday, 7 Oct 2015 08:00pm EDT 

Daya Materials Bhd:Axima awarded a subcontract to DOCI valued at approximately 17.7 million euros.  Full Article

Daya Materials Bhd announces proposed joint venture between Daya Sheffield Sdn. Bhd., a joint venture company of Daya Oci Sdn Bhd and Connect Energy Services Pte. Ltd
Sunday, 12 Apr 2015 08:00pm EDT 

Daya Materials Bhd:Says Joint Venture Agreement dated Sept. 11, 2013 entered into between Daya Sheffield Sdn. Bhd. a joint venture company of Daya OCI Sdn Bhd, which in turn is a subsidiary of DMB, and Connect Energy Sevices Pte. Ltd. DSFSB had on April 13, given a notice of termination.Board of Directors of DMB wish to announce that the JVA is deemed terminated as of April 13.  Full Article

Daya Materials Bhd announces internal group re-organisation
Sunday, 29 Mar 2015 08:00pm EDT 

Daya Materials Bhd:Says that through an internal group re-organisation acquired 2,000,000 ordinary shares of 1.00 Ringgit each in DCLX, from MOSB, which is wholly-owned subsidiary of DMB, representing 100 pct of issued and paid-up share capital of DCLX.Acquisition for cash consideration of 2,119,399 Ringgit (Internal Group Re-Organisation).  Full Article

Daya Materials Bhd announces memorandum of understanding between Meridian Orbit Sdn. Bhd., a wholly-owned subsidiary of DMB and Glotel Sdn.bhd.
Sunday, 8 Mar 2015 08:00pm EDT 

Daya Materials Bhd:Says MOSB, a wholly-owned subsidiary of DMB enters into a MOU with GLOTEL.Purpose of the MOU is to record the preliminary intentions and understanding of MOSB and GLOTEL with respect to their common interest and agreement to jointly study, evaluate and tender for subsea installation projects within South East Asia region.  Full Article

Daya Materials Bhd announces placement of shares
Monday, 29 Dec 2014 07:00pm EST 

Daya Materials Bhd:Says placement of up to 347,204,100 new ordinary shares of 0.10 Ringgit each.Issue price per share will be0.165 Ringgit.Issue representing up to 25 pct of issued and paid-up share capital of DMB.  Full Article

Daya Materials Bhd announces termination of memorandum of understanding entered into with Kazariah
Sunday, 2 Nov 2014 07:00pm EST 

Daya Materials Bhd:Refers to the announcement made earlier, in relation to the memorandum of understanding entered into between DPV, a subsidiary of DMB, and Kazariah.Says DPV had, via its letter dated Nov. 03, given a notice of termination of this MOU to Kazariah.Says MOU is deemed terminated effective Nov. 03 after receiving a response from Kazariah on the notice of termination.  Full Article

Daya Materials Bhd announces incorporation of two subsidiary companies in Labuan
Monday, 6 Oct 2014 08:00pm EDT 

Daya Materials Bhd:Says it had on Oct. 03 incorporated two limited liability companies known as Daya Global 1 Limited (DG1L) and Daya Global 2 Limited (DG2L).Says both DG1L and DG2L were incorporated on Oct. 03 as companies limited by shares.Says each of DG1L and DG2L was incorporated with a paid-up share capital of $10.00 divided by 10 ordinary shares of $1.00 each.Says both DG1L and DG2L are incorporated with the intended principal activities of shipping leasing business and other related services to the oil and gas industry.Says it is funding the incorporation of DG1L and DG2L from its internally generated funds.  Full Article

Daya Materials Bhd announces termination of JVA between THDSB and Kee Lin
Thursday, 18 Sep 2014 08:00pm EDT 

Daya Materials Bhd:Says the JVA has been mutually terminated between THDSB and Kee Lin vide Deed of Rescission and Revocation dated Sept. 19 entered into by Parties whereupon the Parties shall release each other from terms and conditions stipulations covenants and undertaking conferred under JVA.  Full Article

Daya Materials Bhd does not declare interim dividend
Tuesday, 26 Aug 2014 08:00pm EDT 

Daya Materials Bhd:Says that no interim dividends has been declared for the current quarter under review.The board does not recommend the payment of any dividends for fiscal year December 31, 2013.  Full Article

Daya Materials Bhd updates on memorandum of agreement between Daya Vessels Ltd and SBM Installer S.A.R.L for acquisition of diving support and construction vessel
Wednesday, 6 Aug 2014 08:00pm EDT 

Daya Materials Bhd:Refers to the announcement made on Dec. 16, 2013, wherein Daya Vessels Ltd (DVL)purportedly entered into a MOA with SBM Installer S.A.R.L (SBM) in relation to the acquisition of the Vessel named the SBM Installer for a purchase consideration of $180,000,000 (577 mln Ringgit).Says DVL had through its solicitors, received a letter from SBM’s lawyers dated Aug. 06 giving DVL notice that SBM has appointed its arbitrator in relation to all disputes arising out of and/or in connection with the MOA.DVL is to appoint its arbitrator within 14 calendar days, failing which SBM shall take steps to appoint its nominated arbitrator as sole arbitrator.DVL, is a 100 pct owned subsidiary of Daya OCI Sdn Bhd (DOCI), which in turn is a 67 pct owned subsidiary of the company.  Full Article