PETALING JAYA: Dayang Enterprise Holdings Bhd
’s wholly-owned subsidiary, DESB Marine Services Sdn Bhd (DMSSB), has entered into a marine vessel construction and purchase contract valued at RM117.7mil.
The agreement was signed yesterday with Shin Yang Shipyard Sdn Bhd (SYSSB).
In a filing with Bursa Malaysia, Dayang said SYSSB will a 91m maintenance/work vessel, with a targeted delivery window between Jan and Jan 10, 2028.
Dayang and DMSSB will not assume any liabilities or guarantees arising from the acquisition, which will be funded through a combination of internally generated funds and/or bank borrowings.
Dayang said the acquisition forms part of its strategy to strengthen its marine fleet and enhance its operational capabilities in supporting offshore maintenance, hook-up and commissioning works.
“Upon completion and deployment, the vessel is expected to contribute positively to the group’s future revenue and earnings and support the group’s ongoing offshore operations,” it added.
