CORPORATE

Yinson Continues To Deliver Positive Results

 |  Friday, 31 March 2017 10:52  |  Published in CORPORATE

Kuala Lumpur,  March 31 - Yinson Holdings Bhd, Malaysia’s premier integrated offshore production and offshore support services provider, yesterday announced its fourth quarter results for its financial year ended 31 January 2017 with a revenue of RM185.5 million, translating to a 59.6% increase as compared to its corresponding quarter last financial year.

For the quarter under review, the Group posted a reported profit after tax (“PAT”) of RM51.2 million, as compared to RM47.2 million in Q4FYE2016. The higher results is mainly due to strong growth in revenue but set-off by impairment in receivables, impairment to our OSV assets and lower share in profit from joint ventures.

Daya Materials Proposes To Dispose Siem Daya 1

 |  Friday, 31 March 2017 10:47  |  Published in CORPORATE

Kuala Lumpur, March 31 – Daya Materials Berhad has announced the proposed disposal of the offshore subsea construction vessel, Siem Daya 1 via the disposal of the Group’s wholly-owned subsidiary, known as Daya Global 1 Ptd Ltd to Siem OCV Ptd Ltd, which is an indirect wholly-owned subsidiary of Siem Industries Inc for a total consideration of US$$100 million (equivalent to RM442.6 million). 

The disposal consideration comprises of US$$82.7 million (equivalent to RM366.2 million) in cash and US$$17.3 million (equivalent to RM76.6 million) to be settled via a debt forgiveness, cancellation and settlement arrangement between Siem Offshore Rederi AS (SORA) and Canyon Offshore, Daya Vessel Limited and DMB. 

Prestariang And Thales Sign An Agreement For Malaysian Border Security

 |  Wednesday, 29 March 2017 10:33  |  Published in CORPORATE

Kuala Lumpur, March 29 –Prestariang, one of Malaysia’s leading Technology and Talent solutions providers, and Thales, global leader in high technology solutions for key infrastructures, signed an agreement for border security yesterday. The companies signed the agreement in the presence of the President of FranceFrançois Hollande, and the Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed yesterday.

The agreement identifies Thales as the main technology partner of Prestariang in the implementation of the proposed ‘Sistem Kawalan Imigresen Nasional’ (“SKIN”), an integrated technology platform aimed at delivering the core applications and infrastructure of the national immigration and border control system.


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