Key Developments: 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 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

Daya Materials Bhd proposed disposal of 2,400,000 ordinary shares in Daya Cmt Sdn. Bhd to Perfect Propel Sdn. Bhd
Wednesday, 16 Jul 2014 08:00pm EDT 

Daya Materials Bhd:Reference is made to DMB’s announcements made on April 28, May 5, May 12, May 15, May 26 and June 5 in respect of proposes disposal.Proposes disposal of 2,400,000 ordinary shares of one Ringgit each in Daya Cmt Sdn. Bhd. (DCMT) to Perfect Propel Sdn. Bhd. (purchaser).For total cash consideration of 18,000,000.00 Ringgit.Board of Directors of DMB is announces that proposed disposal is completed today.  Full Article

Daya Materials Bhd proposes disposal of 140,250 ordinary shares of in Daya Proffscorp Sdn. Bhd. to Wiramas Baiduri Sdn. Bhd.
Sunday, 15 Jun 2014 08:00pm EDT 

Daya Materials Bhd:Says that company, had on June 16 entered into share sale agreement with Wiramas Baiduri Sdn. Bhd. (purchaser) to dispose 140,250 ordinary shares of 1 ringgit each in Daya Proffscorp Sdn. Bhd. (DPRO).Representing 8.5 pct of issued and paid-up share capital of DPRO for cash disposal consideration of 2,000,000 ringgit.  Full Article

Daya Materials Bhd announces dispossal of Daya Land & Development Sdn. Bhd.
Wednesday, 14 May 2014 08:00pm EDT 

Daya Materials Bhd:Says dispose of 500,000 ordinary shares of 1 Ringgit each in Daya Land & Development Sdn. Bhd.Disposal representing 100 pct of issued and paid-up share capital of DLD.Disposal for cash consideration of 260,054 Ringgit to Daya Cmt Sdn Bhd (internal group re-organisation).  Full Article

Daya Materials Bhd does not recommend dividend
Tuesday, 29 Apr 2014 08:00pm EDT 

Daya Materials Bhd:Do not recommend a dividend in respect of FY 2013.  Full Article

Daya Materials Bhd announces ownership interest of Dato' Mazlin Bin Md Junid
Wednesday, 2 Apr 2014 08:00pm EDT 

Daya Materials Bhd:Says Dato' Mazlin Bin Md Junid holds 118,359,386 units which represents 8.5223pct of the direct interest of the company.  Full Article

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