KUALA LUMPUR: Dayang Enterprise Holdings Bhd
’s wholly owned subsidiary, DESB Marine Services Sdn Bhd (DMSSB) has inked a sale and purchase agreement with Shin Yang Shipyard Sdn Bhd (SYSSB) involving the construction and purchase of a marine vessel for RM117.7 million.
In a Bursa Malaysia filing today, the oil and gas company said the acquisition forms part of the group’s strategy to strengthen its marine fleet and enhance its operational capabilities in supporting offshore maintenance, hook-up and commissioning works.
"The acquisition will be funded through a combination of internally generated funds and bank borrowings.
"The delivery window is between Jan 2, 2028 and Jan 10, 2028,” it said.
The company said that upon completion and deployment, the vessel is expected to contribute positively to the group’s future revenue and earnings, as well as support its ongoing offshore operations.
"The acquisition has been approved by the board of directors and does not require the approval of the shareholders of the company or any regulatory authority,” it added. - Bernama
