Daya Materials Bhd is a service provider to oil and gas sector where it caters to both upstream and downstream sectors of the company. The company has also interests in other sectors like engineering and construction, heating, ventilation and air conditioning, and specialized polymers. The upstream oil and gas services provided by the company are subsea engineering services, subsurface services, and chartering of marine assets. The downstream services include the supply of downstream chemicals, tanking, storage and warehousing, mobile cranes and specialized lifting, facility upgrades and maintenance. The technical services provided are a fabrication of steel structures, engineering, procurement, and construction, and turnkey construction. The firm also provides services in polymer sector.
Msspiritproposed exchange of the total number of issued shares of DMB comprising 2,042,945,854 DMB Shares for 20,429,458 new Newco Shares, on the basis of 1 new Newco Share for every 100 existing DMB Shares held on an entitlement date to be determined later, by way of a scheme of arrangement under Section 366 of the Companies Act 2016; proposed assumption of the listing status of DMB by Newco and the admission of Newco to, and withdrawal of DMB from, the Official List of Bursa Securities with the listing of and quotation for the enlarged issued share capital of Newco on the Main Market of Bursa Securities;
