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Article Entitled "Petronas Aborts Award Of IHUC Contract For The Second Time"

BackAug 13, 2019
Type Announcement
Subject OTHERS

Article Entitled "Petronas aborts award of IHUC contract for the second time"

We refer to the above article appearing in The Edge Malaysia Page 21 - Monday, 12 August 2019 in particular pertaining to the sentences which are reproduced as follows:


" Petroliam Nasional Bhd (Petronas) is understood to have aborted the award of a multibillion-ringgit integrated hook-up and commissioning (IHUC) contract.............."

"It is learnt that the incumbents undertaking the contract - ........................Dayang Enterprise Holdings Bhd, among others - could be given an extension of up to a year on their existing contracts as a result of the cancellation."

" We now hear the existing players, whose contracts were extended last year, have got another extension."


The Company wish to clarify that the extension for the previously announced 5-year contract for Pan HUC PMO (Peninsular Malaysia Operations) for year 2013 to  2018 was extended for a further 1 year period from June 2018 to May 2019. At the moment, the Company is not aware of any further extension.



The announcement is dated 13 August 2019.




Announcement Info

Stock Name DAYANG
Date Announced 13 Aug 2019
Category General Announcement for PLC
Reference Number GA1-13082019-00082