KUALA LUMPUR (May 10): Dayang Enterprise Holdings Bhd has been awarded a contract by Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Company Ltd (SSPC) for the provision of topside major maintenance services.
"The value of the contract is based on work orders issued by SSB and SSPC throughout the contract duration and shall include any or all other work and services which is generally related to the scope of works in this contract at a fixed schedule of rates," Dayang Enterprise said in a bourse filing.
The contract will be undertaken by its wholly-owned subsidiary, Dayang Enterprise Sdn Bhd, it added.
The group said the contract is expected to contribute positively to its earnings during the contract period from April 29, 2021 to Aug 19, 2023.
Dayang Enterprise shares closed seven sen or 4.86% higher at RM1.51 today, valuing the group at RM1.89 billion.
Source: The Edge Markets