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Award Of Contract

BackJul 16, 2010
Date Announced
:
16/07/2010  




Type
:
Announcement
Subject
:
DAYANG ENTERPRISE HOLDINGS BHD
- AWARD OF CONTRACT

Contents
:
INTRODUCTION
Dayang Enterprise Holdings Bhd ('Dayang' or 'The Company') is pleased to announce that its wholly owned subsidiary, Dayang Enterprise Sdn Bhd ('DESB'), received two work orders under a contract with PETRONAS Carigali Sdn Bhd for the Provision of Hook-Up and Commissioning of PETRONAS Carigali Facilities for year 2007-2010.

The two work orders which are estimated at a total value of RM48,710,200.00 to be completed within a year are for :
1. Hook-up and Commissioning of Tangga Barat Central Processing Platform (TBCP-A)
2. Hook-up and Commissioning for Bokor Development Project.

FINANCIAL EFFECTS
The above work orders are expected to contribute positively to the earnings of the Group for the financial years 2010 and 2011. 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 16 July 2010.