Dayang ups its stake to 25.49% in Perdana Petroleum

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KUALA LUMPUR (Oct 16): Oil and gas outfit Dayang Enterprise Holding Bhd has acquired an additional 7.34 million shares or a 1% equity stake in offshore marine services provider Perdana Petroleum Bhd, a filing with Bursa Malaysia revealed today.

The acquisition, done via two transactions on Oct 13 (3.34 million) and Oct 14 (4 million) at an undisclosed sum, has upped Dayang’s stake in Perdana Petroleum to 25.49% or 188.24 million shares. 

Shares in both Dayang and Perdana Petroleum dropped 15 sen and 13 sen today, closing at RM2.75 and RM1.53, respectively, giving them  market capitalisations of RM2.41 billion and RM1.13 billion, respectively.