Posted by freddiehero > 2020-08-15 10:20 | Report Abuse

Founded in 1994 in Penang, Malaysia, Daya started out as a pioneer in the domestic specialized polymer compounds industry.

Building on these achievements, Daya has grown and taken on greater challenges in the past decade.  We became a public listed company in July 2005 with the aim of building a platform for us to realize our ultimate vision to be a major oil

Posted by freddiehero > 2020-08-15 10:21 | Report Abuse

Driving the business of Daya today are two core operating business units:

Oil

Posted by constantine007 > 2020-08-15 15:21 | Report Abuse

still left 11 working days for daya to deal with the 25%...hhmmm

Posted by freddiehero > 2020-08-15 16:46 | Report Abuse

what's 25% ya?

Posted by Condom004 > 2020-08-15 21:31 | Report Abuse

https://guangming.com.my/%e6%aa%a2%e8%a6%96%e9%a6%96%e9%9a%8e%e6%ae%b5%e8%b2%bf%e5%8d%94%e8%90%bd%e5%af%a6%e6%83%85%e6%b3%81-%e4%b8%ad%e7%be%8e%e8%a6%96%e5%83%8f%e6%9c%83%e8%ad%b0%e5%bb%b6%e6%9c%9f. Wat it means

Posted by freddiehero > 2020-08-15 23:03 | Report Abuse

Apa itu?

Posted by freddiehero > 2020-08-15 23:06 | Report Abuse

Daya Materials fell into the PN17 status in 2018 after its shareholders’ equity on a consolidated basis fell below RM40mil and represented less than 25% of its issued share capital base for the financial year ended Dec 31,2017.

Posted by freddiehero > 2020-08-15 23:06 | Report Abuse

u mean it's ka?

Posted by freddiehero > 2020-08-15 23:08 | Report Abuse

wait miracle lo.. c the boss wants continue business in bursa or not..

Posted by freddiehero > 2020-08-15 23:10 | Report Abuse

if continue in bursa start with super low low price good for them and also good for us...

Posted by freddiehero > 2020-08-15 23:10 | Report Abuse

hopefully fortune coming all of us and huat huat together...

Posted by traderfiq > 2020-08-18 12:42 | Report Abuse

high volume today. Sumthing is brewing?

Posted by traderfiq > 2020-08-18 13:30 | Report Abuse

Daya Materials gets in-principle nod for debt restructuring scheme

KUALA LUMPUR (July 17): Daya Materials Bhd, a Practice Note 17 (PN17) company, has obtained 75% approval in principle from its creditors for its proposed debt restructuring scheme.

This was confirmed at a meeting chaired by the Corporate Debt Restructuring Committee (CDRC), the oil and gas service provider said in a filing with Bursa Malaysia today.

“Further announcement on the developments of the above matter will be made as and when necessary,” the company said.

Daya Materials had requested CDRC to mediate its discussion with its financiers on Aug 30, 2019.

In January 2019, Daya Materials announced a debt restructuring exercise to set off RM32.46 million of debt owed to joint venture partner Perfect Propel Sdn Bhd via the issuance of new shares in Daya Materials, but the proposal was terminated last November due a failure to meet the conditions precedent.

The debt restructuring was part of a regularisation plan that Daya Materials had to submit to regulators by the end of September 2020.

The group slipped into PN17 status in February last year after its shareholder equity fell below 25% of its issued capital of RM40 million.

At end-March, Daya Materials had net current liabilities of RM190.86 million, with retained losses of RM470.98 million, as the group heads for its seventh consecutive year in the red for the financial year ending Dec 31, 2020.

Daya Materials shares closed at 1.5 sen today, valuing the group at RM30.64 million.



https://www.theedgemarkets.com/article/daya-materials-gets-approval-principle-debt-restructuring-scheme-75-creditors

Posted by freddiehero > 2020-08-18 14:06 | Report Abuse

Reference is made to the announcements on 29 April 2015, 13 May 2015, 6 August 2015, 21 April 2016, 7 December 2016, 15 September 2017, 30 August 2018, 29 August 2019 and 30 July 2020 in relation to the proposed disposal of up to 50.0% interest in DCMT (“Announcements”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.

 

The Board of Directors of DMB (“Board”) wishes to announce that the parties have agreed to extend the Call Option Period pending the settlement of principal amount of approximately RM18,600,000.00 owing to PPSB by DMB pursuant to the regularisation plan of DMB to regularise the financial condition in accordance with Paragraph 8.04(3) of the Listing Requirements.

 

Save for the above, we wish to inform that there are no major developments on the status of the Call Option as at the date of this announcement. Further announcement on the development of the above matters will be made as and when necessary.

 

This announcement is dated 6 August 2020.

Posted by freddiehero > 2020-08-18 14:10 | Report Abuse

The Board of Directors of DMB (“Board”) wishes to announce that vide DMB’s letter dated 27 July 2020 (accepted by PPSB on 30 July 2020), PPSB and DMB had mutually agreed to further extend the Call Option Period to 31 August 2021.

The Call Option shall remain valid and PPSB is entitled to exercise the Call Option in respect of the Call Option Shares at any time and from time to time up to and including 31 August 2021.

All other terms and conditions of the SSA and the Call Option (as supplemented and revised by mutual agreement) shall remain the same.

This announcement is dated 30 July 2020.

Posted by freddiehero > 2020-08-18 14:30 | Report Abuse

KUALA LUMPUR (Nov 2 2017): Loss-making integrated oil and gas services
provider Daya Materials Bhd has entered into a Memorandum of Understanding (MoU) with Huawei Technologies (M) Sdn Bhd for future project collaboration.

In a filing with Bursa Malaysia today, Daya Materials said the MoU’s
purpose is for both parties to cooperate in the development of
relevant infrastructure for joint submission of tender by them for any relevant information and communication technology projects which they intend to participate.

Posted by freddiehero > 2020-08-18 14:32 | Report Abuse

KUALA LUMPUR (Nov 21 2017): Daya Materials Bhd has bagged a RM124.43 million contract from TPC Malaysia Sdn Bhd to undertake expansion of a manufacturing facility in Kawasan Perindustrian Bebas Fasa 3 Bayan Lepas, Penang.

In a filing with Bursa Malaysia, Daya said its 51%-owned subsidiary Daya CMT Sdn Bhd has accepted a letter of award from TPC Malaysia for the proposed expansion.

The scope of work includes building a four-storey factory building, an elevated link bridge connecting to the existing factory, a two-storey cafeteria/kitchen, locker and break out building expansion and a hazardous waste store.

The duration of the contract is for 14 months from Nov 13.

Posted by freddiehero > 2020-08-18 14:36 | Report Abuse

KUALA LUMPUR (Dec 21 2017): Daya Materials Bhd has bagged a contract from Petronas Carigali Sdn Bhd for the provision of integrated production chemicals supply and services worth an estimated RM67 million.

In a filing with Bursa Malaysia, Daya Materials said its 67%-owned subsidiary Daya Secadyme Sdn Bhd was awarded the contract for SK Oil — Miri Waters with a tenure of five years effective Dec 11. The contract comes with a one-year extension option.

The group said the details of the works involved will be addressed in a work order from time to time when supply of integrated production chemicals and services are required.

Posted by freddiehero > 2020-08-18 14:41 | Report Abuse

KUALA LUMPUR (JAN 10 2018): Daya Materials Bhd ’s unit Daya Secadyme Sdn Bhd has received a three-year contract to supply and deliver specialty chemicals to Petroliam Nasional Bhd (Petronas).

In a filing with Bursa Malaysia, Daya Materials said the contract came with two options for extension – one year being the first extension and another year being the second

Posted by freddiehero > 2020-08-18 14:43 | Report Abuse

KUALA LUMPUR (Jan 24 2018): Daya Materials Bhd has been awarded a RM13.04 million contract by KLCC Property Holdings Bhd for the maintenance of air-conditioning and mechanical ventilation systems.

In a filing with Bursa Malaysia, Daya Materials said its subsidiary Daya OCI Sdn Bhd secured the contract from KLCC Property's unit, KLCC Urusharta Sdn Bhd.

It is for the maintenance of the air-conditioning and mechanical ventilation systems at Petronas Twin Towers, Masjid Asy-Syakirin, Kompleks Dayabumi and Petrosains.

Daya Materials said the three-year contract ends on Dec 31, 2020 with an option to renew for a further three years.

Posted by freddiehero > 2020-08-18 14:46 | Report Abuse

KUALA LUMPUR (March 1. 2018): Daya Materials Bhd, which has recently lapsed into Practice Note 17 (PN17) status, announced it has secured a hospital construction contract worth RM104.07 million.

In a filing with the stock exchange, Daya Materials said its 51%-owned subsidiary Daya CMT Sdn Bhd today accepted the letter of award for the project from Penang Specialist Hospital Sdn Bhd (PSH).

PSH — also known as KPJ Penang Specialist Hospital and a member of KPJ Healthcare Bhd — is one of the leading specialist hospitals located on mainland Penang, it said.

Under the terms of the contract, Daya CMT will build a new annex 10-storey hospital block for PSH. It will also take on alteration works, besides adding an open car-park and a Tenaga substation to the existing hospital block in Seberang Perai, Penang.

Set to begin on March 8, the project will be completed by Dec 7, 2020. Daya said the 33-month project should contribute positively to the group's earnings.

Posted by freddiehero > 2020-08-18 14:53 | Report Abuse

KUALA LUMPUR (May 23 2018): Daya Materials Bhd has bagged a contract from BASF Petronas Chemicals Sdn Bhd for the provision of IHC-lifting and rigging services.

The contract does not constitute a commitment for any specific duration and quantity of work order, Daya Materials said in its filing with Bursa Malaysia today.

Daya Materials said its subsidiary Daya Proffscorp Sdn Bhd has accepted the Letter of Award (LoA) dated April 20 from BASF Petronas Chemicals.

“The delivery of the contract will be addressed in a purchase order to be issued to Daya Proffscorp from time to time when the services are required," it said.

Daya Materials said the contract will have no effect on the issued and paid-up capital of the company and is not expected to have a material effect on the earnings of the group for the financial year ending Dec 31, 2018, until and unless the specific work order is issued.

Posted by freddiehero > 2020-08-18 14:55 | Report Abuse

KUALA LUMPUR (June 5. 2018): Daya Materials Bhd has signed a master agreement with Schlumberger in Russia for the provision of non-explosive radical cutting torch (RCT), perforating torch cutter (PTC Puncher) and related energetic and thermite based solutions services.

In a filing with Bursa Malaysia today, Daya Materials said its subsidiary Daya Maxflo Sdn Bhd (DMSB) has entered into the agreement with Schlumberger Logelco Inc, Schlumberger's operating branch and representative office in Russia.

It noted that the contract will be effective from June 5, 2018 until Dec 31, 2020.

According to the filing, the contract does not constitute a commitment for any specific quantity of work order. Instead, the delivery of the contract will be addressed in a purchase order to be issued to DMSB from time to time when the services are required.

Posted by freddiehero > 2020-08-18 15:00 | Report Abuse

KUALA LUMPUR (Sept 27. 2018): Practice Note 17 company Daya Materials Bhd has bagged a RM19.98 million contract to build a factory and warehouse in Seberang Perai Tengah, Penang.

The group's subsidiary Daya Cmt Sdn Bhd accepted the award today from Mehow Medical (M) Sdn Bhd, its bourse filing said.

Mehow Medical is a "China invested company which [is] primarily engaged in providing total medical device solutions", said Daya.

It said the project will be for a period of 10 months, to start on Oct 9 and be completed by or before Aug 9, 2019.

Posted by freddiehero > 2020-08-18 15:08 | Report Abuse

KUALA LUMPUR (June 13. 2019): Daya Materials Bhd’s unit intends to sell 22 mobile cranes and two forklifts for RM11.5 million.

In a bourse filing, the group said that its 58.5%-owned subsidiary Daya Proffscorp Sdn Bhd (DPRO) yesterday accepted the offer from Key Prospect Sdn Bhd (KPSB), which was submitted to DPRO in a letter dated April 19, 2019, to acquire the mobile cranes and forklifts — with the offer being satisfied in cash.

DPRO now has to provide KPSB proof of ownership upon payment — with the two entering a sale and purchase agreement (SPA) to facilitate the sale.

KPSB has to pay DPRO a non-refundable deposit worth RM1.15 million — which accounts for 10% of the cranes and forklifts’ sale price — within seven business days of the acceptance letter

The deposit will only be refunded to KPSB if the SPA cannot be completed solely to the fault of DPRO and or the group.

Posted by freddiehero > 2020-08-18 15:11 | Report Abuse

KUALA LUMPUR (July 13. 2020): Daya Materials Bhd associate Daya Maxflo Sdn Bhd (DMAX) today entered into a conditional subscription agreement with WK Propel Sdn Bhd (WKP) for the subscription of 342,955 new shares by WKP in DMAX for a cash consideration of some RM4 million, pending finalisation of Daya Materials' regularisation plan under Bursa Malaysia's Practice Note 17 (PN17) classification.

Daya Materials said DMAX is an 86.44%-owned subsidiary of Daya Petroleum Ventures Sdn Bhd, which in turn is a 51%-owned subsidiary of Daya Materials.

"The company’s proposed regularisation plan is envisaged to entail, among others, a proposed share exchange between Daya Materials and a newly incorporated company (newco), which will assume the listing status of Daya Materials, a proposed settlement of debts owing to financiers and creditors of the group and a proposed fundraising exercise involving the issuance of new securities in newco.

"In conjunction with the proposed subscription, the company (Daya Materials) has also entered into a put option agreement with WKP today to grant WKP the right to require Daya Materials or newco to purchase the subscription shares from WKP at the option price.

"On Aug 20, 2019, the company announced that it had entered into a term sheet with WKP, pursuant to which WKP had agreed to provide an initial funding of an aggregate sum of RM4.0 million to Daya Materials and its subsidiaries pending the finalisation of the company’s proposed plan to regularise its financial condition in accordance with Paragraph 8.04(3) of the Main Market Listing Requirements of Bursa Malaysia," Daya Materials said.

Posted by traderfiq > 2020-08-18 16:52 | Report Abuse

Oil price going up, tomorrow boom

Posted by freddiehero > 2020-08-18 19:06 | Report Abuse

hopefully...

Posted by Condom004 > 2020-08-19 13:03 | Report Abuse

No show

Posted by freddiehero > 2020-08-19 13:54 | Report Abuse

y today's show macam Running Man LA.....

Posted by freddiehero > 2020-08-19 13:54 | Report Abuse

common LA.. to be strong again..

Posted by freddiehero > 2020-08-19 18:17 | Report Abuse

PETALING JAYA 12 Jun 2018: Oil and gas company Daya Materials Bhd says it has no need for a white knight to help the company exit its Practice Note 17 (PN17) status, which it triggered in February this year.

This is because it has about RM600 million orders in hand and the company is upbeat about its prospects of turning in a “positive” performance for the financial year ending Dec 31, 2018 (FY18), according to Daya Materials chief executive officer and executive vice chairman Datuk Lim Thean Shiang.

On reports in April saying that Siem Offshore Rederi AS would emerge as Daya Materials’ largest shareholder with an over 20% stake if the latter can successfully implement its regularisation plan, Lim said the news caught management by surprise as the company was not supposed to talk about it.

Nevertheless, he said the company will discuss with many parties, including Siem Offshore Rederi, bankers and other stakeholders, to work out the regularisation plan to lift its PN17 status, which was triggered after its shareholder equity retreated to under 25% of its issued capital as at Dec 31, 2017.

The company is looking to submit the plan by August, way before the February 2019 deadline, Lim told reporters after the group’s annual general meeting yesterday.

Currently, he said the company is finalising the appointment of the principal adviser and is discussing with stakeholders and bondholders to work out the plan.

Meanwhile, Lim said the RM600 million worth of orders in hand should keep the company busy for the next five years, and that, together with existing offshore subsea construction contracts, should give the company a “positive contribution” in FY18.

Daya Materials narrowed its net loss to RM41.2 million in FY17 against a net loss of RM147.15 million in FY16, as revenue surged 135% year-on-year to RM116.86 million from RM49.79 million.

The group is also bidding for another RM600 million worth of jobs.

Lim said it is also working with some companies to bid for rail-related projects. The projects the company is looking at include the Gemas-Johor Baru electrified double tracking project and the Klang Valley double track project’s second phase.

Lim expects more opportunities to open up for different players to participate in infrastructure projects with the change in government and the adoption of an open tender culture.

“In the past, it was a difficult time for many small players. Only the big boys got them (infrastructure projects),” he said.

Posted by watchme007 > 2020-08-19 18:42 | Report Abuse

looking from the sentiment, this stock still in buying momentum. If ones not sure about the effort why people still buying? Its just waiting for oil price to climb up again

Posted by freddiehero > 2020-08-19 19:22 | Report Abuse

OK thanks good info..

Posted by freddiehero > 2020-08-22 09:52 | Report Abuse

haha ofcoZ my Sleeping Beauty also trying to fly 0.005 - 0.015

Posted by freddiehero > 2020-08-26 20:56 | Report Abuse

hope for miracle...

Posted by freddiehero > 2020-08-26 20:58 | Report Abuse

for the chart, wish real shooting star come to us.......

Posted by minahkarant > 2020-08-27 14:57 | Report Abuse

Those who are pessaismestic look at XOX look at its performance . it went as low as 0.01 and you cannot go lower than that. Look at Bintai it went to as low as 0.04. Now just look at this 2 counter. When Daya starts to run bye bye. Look at the buys at 0.015 hoe many 90,000 waiting to buy. Wait baby wait.

Posted by freddiehero > 2020-08-27 15:16 | Report Abuse

936,570 waiting collect low.. 438,682 waiting sell for taking profit..

Posted by freddiehero > 2020-08-27 15:17 | Report Abuse

0.005 - 0.02 today price 27 August 2020

Posted by freddiehero > 2020-08-28 12:25 | Report Abuse

waiting someone to collect..

Posted by freddiehero > 2020-08-28 12:25 | Report Abuse

once done, u can feel the power..

Posted by Condom004 > 2020-09-01 18:22 | Report Abuse

Countdown Daya submit plan day....like bet Big Small

Posted by freddiehero > 2020-09-01 18:24 | Report Abuse

yala. play big / small. see fortune want come here or don't..

Posted by freddiehero > 2020-09-01 18:25 | Report Abuse

u got join in?

Posted by freddiehero > 2020-09-01 18:30 | Report Abuse

not for u to buy cheap and goreng up.... until end game. lol..

Posted by man72 > 2020-09-02 14:13 | Report Abuse

Frogmen dont fucking die :)

Posted by freddiehero > 2020-09-02 16:19 | Report Abuse

another 300m should be credit in soon hope it real and not just empty news..

Posted by freddiehero > 2020-09-02 16:20 | Report Abuse

another 200m also will credit in, hope not empty news too.

Posted by freddiehero > 2020-09-02 16:20 | Report Abuse

wake up time my Sleeping Beauty....