Daya Materials Bhd group chief executive officer Datuk Lim Thean Shiang after the companys EGM.
PETALING JAYA: Daya Materials Bhd said it had completed the acquisition of Siem Daya 1 (SD1) an offshore subsea construction vessel from Siem Offshore Rederi AS, Norway.
In a statement, the oil and gas firm said that the total purchase for the vessel of US$120mil will be paid for via a combination US$90mil cash and the issuance of ringgit-denominated four years redeemable convertible secured bonds equivalent to US$30mil.
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