Dayang Enterprise aims to be HUCC leader

KUALA LUMPUR: Dayang Enterprise Holdings Bhd plans to evolve into a market leader in providing integrated hook-up, construction and commissioning (HUCC) services to the oil and gas (O&G) industry through the proposed acquisition of associate company Perdana Petroleum Bhd.

Miri-based Dayang, in its offer document to Perdana Petroleum’s shareholders and warrant holders, said the marine support services company was a “strategic fit” to its HUCC business, which would be complemented by Perdana Petroleum’s offshore support vessel (OSV) operations.