<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 30): Dayang Enterprise Holdings Bhd has been awarded a contract amendment and extension for the provision of maintenance construction and modification for PM8E Seligi oilfields from EnQuest Petroleum Production Malaysia Ltd.</p></div>

<div class=newsTextDataWrapInner><p>The contract has been extended for approximately one year and five months until Dec 31, 2024, Dayang said in a filing to Bursa Malaysia on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>Dayang said its wholly-owned unit Dayang Enterprise Sdn Bhd (DESB) has agreed on an amendment and extension for the PM8E Seligi contract with EnQuest. It said the value of the contract extension is based on any work orders issued by EnQuest throughout the contract extension period.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The contract will have no effect on the issued capital of the company and is expected to contribute to the earnings of Dayang over the duration of the contract,” it added.</p></div>

<div class=newsTextDataWrapInner><p>DESB secured the contract for the PM8E Seligi oilfields, located 240km offshore Peninsular Malaysia in June 2022. The initial contract period was from May 23, 2022, to July 12, 2023.</p></div>

<div class=newsTextDataWrapInner><p>Dayang, which has risen over 18% this year, finished unchanged at RM1.89 on Tuesday. At the closing price, the group is valued at RM2.19 billion.</p></div>


Dayang Enterprise Holdings Bhd has been awarded a contract amendment and extension for the provision of maintenance construction and modification for PM8E Seligi oilfields from EnQuest Petroleum Production Malaysia Ltd.

Dayang unit gets contract extension for PM8E Seligi oilfields 

Among all precious gems, diamonds are one of the most sought after and prominent — for good reason. It is their rarity, durability and beauty that inspire the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.

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<p>Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.</p>


<p>Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.</p>
