Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (May 23): Daya Materials Bhd has bagged a contract from BASF Petronas Chemicals Sdn Bhd for the provision of IHC-lifting and rigging services.

The contract does not constitute a commitment for any specific duration and quantity of work order, Daya Materials said in its filing with Bursa Malaysia today.

Daya Materials said its subsidiary Daya Proffscorp Sdn Bhd has accepted the Letter of Award (LoA) dated April 20 from BASF Petronas Chemicals.

“The delivery of the contract will be addressed in a purchase order to be issued to Daya Proffscorp from time to time when the services are required," it said.

Daya Materials said the contract will have no effect on the issued and paid-up capital of the company and is not expected to have a material effect on the earnings of the group for the financial year ending Dec 31, 2018, until and unless the specific work order is issued.

Daya Materials shares closed unchanged at three sen, with 10.3 million shares traded giving it a market capitalisation of RM61.29 million. Over the past 12 months, the counter has fallen near 65%.

      Print
      Text Size
      Share