<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 17): Oil and gas services provider Dayang Enterprise Holdings Bhd has fixed the price of the shares to be issued under its private placement exercise at RM1.016 apiece.</p></div>

<div class=newsTextDataWrapInner><p>This represents a discount of 9.993% to the five-day volume weighted average market price of Dayang Enterprise shares up to April 14, the company said in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>On Feb 24, Dayang announced it intends to raise around RM87.71 million by placing out some 87.71 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At RM1.016, Dayang is expected to raise gross proceeds of RM89.11 million, if all placement shares are placed out.</p></div>

<div class=newsTextDataWrapInner><p>The company said it will use the bulk of the proceeds to repay its borrowings, which stood at RM1.64 billion as at end-December 2016.</p></div>

<div class=newsTextDataWrapInner><p>Shares of the Main Market-listed Dayang Enterprise closed unchanged at RM1.13 today, for a market capitalisation of RM991.12 million.</p></div>


KUALA LUMPUR (April 17): Oil and gas services provider Dayang Enterprise Holdings Bhd has fixed the price of the shares to be issued under its private placement exercise at RM1.016 apiece.

This represents a discount of 9.993% to the five-day volume weighted average market price of Dayan...

Dayang Enterprises fixes private placement shares at RM1.016

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<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>


<p>The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.</p>


<p>The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.</p>


<p>Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.</p>


<p>The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.</p>


<p>Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.</p>


<p>Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.</p>


<p>A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.</p>


<p>Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.</p>


<p>The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.</p>


<p>The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.</p>


Philippines' central bank tightens dirty money risk reporting rule

<p>Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.</p>
