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INTRODUCTION
The Board of Directors of Dayang Enterprise Holdings Bhd ("Dayang") is pleased to announce that its wholly owned subsidiary, Dayang Enterprise Sdn Bhd ("DESB") has been awarded a contract by Petronas Carigali Sdn Bhd for the Provision of Hook Up and Commissioning of Petronas Carigali's facilities from 2007 to 2010.
Under this contract, DESB received three work orders for an estimated value of RM150.87 million to be completed within six to twelve months as per below :-
1. Hook-up and Commissioning of Resak Host Tie-In for Tangga Barat Development Project
2. Hook-up and Commissioning for Duyong Revisit IV Project and
3. Provision of Interim Topside Major Maintenence Services for Petronas Carigali Sdn Bhd - PMO.
FINANCIAL EFFECTS
This contract is expected to contribute positively to the earnings of the Group for the financial year 2010. There are no significant risks involved in fulfilling the contract obligations.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or substantial shareholders of the Company or persons connected to the directors and/or major shareholders have any direct or indirect interest in the contract.
This announcement is dated 21 May 2010. |
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