Thursday 20 Jun 2024
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KUALA LUMPUR (March 23): Dayang Enterprise Holdings Bhd said it has secured a contract for the provision of maintenance, construction and modification for Vestigo Petroleum Sdn Bhd.

The project was awarded to the group's wholly-owned unit Dayang Enterprise Sdn Bhd, according to a bourse filing.

Dayang said the value of the contract is based on work orders issued by Vestigo throughout the contract duration and shall include any or all other work and services, which are generally related to the scope of works in this contract at a fixed schedule of rates.

The contract, which is effective from Feb 25, 2022 until July 16, 2023, is expected to contribute positively to the company's earnings.

Dayang Enterprise shares closed up 1.5 sen or 1.69% to 90.5 sen, giving the group a market capitalisation of RM1.05 billion.

Edited ByWeng Khuen Lee
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