In a filing with Bursa Malaysia Wednesday, Dayang said the wholly owned subsidiary, Dayang Enterprise Sdn Bhd had on March 12 entered into the MoU to establish a cooperation and collaboration in exploring, securing and operating any projects in Melaka relating to oil and gas, energy, engineering and civil works, construction and development.
Dayang said the MoU is for a period of six months from the date of signing or until the relevant agreement is executed, whichever is earlier.
PKNM, a subsidiary of Perbadanan Kemajuan Negeri Melaka, is a leading development state agency in Melaka particularly in industrial, property and entrepreneurs and intends to involve in the business of oil and gas, asset management, engineering and energy
MVSB is involved in pipeline installation, inspection, pre-commissioning, construction, maintenance in petrochemical industrial, fabrication, bolt and leak testing, vessels supply manpower supply as well as offshore catering service.
Dayang said PKNM will assist in procuring local resources involved with the related projects and supervise and monitor the planning and progress of the proposal to the related projects to ensure its materialisation.
“Dayang shall be fully responsible for the business strategy and to obtain the approvals, licenses, permits and other matters pertaining to the related projects,” it said.
MVSB shall undertake and be responsible as the business development strategist, business coordinator and for the deliverables of the related projects.
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