KUCHING: Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary, DESB Marine Services Sdn Bhd, has been awarded two contracts for the supply of accommodation workboats to the Hibiscus group.
The first contract involves the provision of one accommodation workboat to Hibiscus Oil & Gas Malaysia Limited for approximately 30 days.
The vessel delivery window is set between April 14-18, 2025, with two extension options of up to 30 days each, Dayang stated in a filing with Bursa Malaysia.
The second contract is for the supply of another accommodation workboat to SEA Hibiscus Bhd for about 110 days, also with two extension options of up to 30 days each.
Dayang noted that these contracts are expected to contribute to the group’s earnings during the contract periods.
Earlier this week, Dayang disclosed that DESB Marine had received three work orders from Petronas Carigali Sdn Bhd for the supply of three accommodation workboats — Dayang Opal, Dayang Zamrud, and Dayang Ruby — for durations of 1,043 days, 1,005 days, and 1,020 days respectively. Each contract includes an option to extend up to 829 days.
Separately, Press Metal Aluminium Holdings Bhd announced that following the completion of the global offering, the company via its wholly-owned subsidiary, Press Metal International Resources (HK) Limited, now holds 21.75 per cent of the issued share capital of Nanshan Aluminium International Holdings Limited (NAIHL), which was listed on the Hong Kong Stock Exchange (HKEX) on March 25.
In its initial public offering (IPO), NAIHL offered 88.2 million shares, priced between HK$26.60 and HK$31.50 each to investors.
NAIHL made a soft debut on the HKEX, registering a 5.08 per cent decline in its share price.
Proceeds from the IPO, estimated at HK$2.22 billion, will primarily fund the construction and expansion of a second one-million-tonne alumina production facility in Bintan, Indonesia.
The project includes building related alumina production facilities, constructing ancillary equipment at a deep-water port, expanding capacity in the coal gasification plant, and acquiring machinery and equipment.”
In July 2024, Press Metal completed a share swap, exchanging its 25 per cent stake in PT Bintan Alumina Indonesia (PT BAI) for a 25.59 per cent stake in NAIHL.
Press Metal originally acquired the 25 per cent stake in PT BAI in 2020 to secure a stable supply of alumina, a key raw material for its smelting operations in Bintulu and Mukah, and to reduce reliance on third-party suppliers. NAIHL now indirectly controls 72.7 per cent of PT BAI through its subsidiaries.
