General Announcement

16/11/2007

DAYA MATERIALS BERHAD (DMB or the Company) PROPOSED ACQUISITION BY MERIDIAN ORBIT SDN. BHD.(MOSB), A 60%-OWNED SUBSIDIARY OF DAYA MATERIALS BERHAD OF 275,000 ORDINARY SHARES OF RM1.00 EACH IN CLARIMAX CONSOLIDATED SDN BHD (CCSB) REPRESENTING 55% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CCSB FOR A TOTAL CASH CONSIDERATION OF RM366,667 (PROPOSED ACQUISITION OF CCSB)

DAYA MATERIALS BERHAD

Type

Announcement
SubjectDAYA MATERIALS BERHAD (DMB or the Company)

PROPOSED ACQUISITION BY MERIDIAN ORBIT SDN. BHD.(MOSB), A 60%-OWNED SUBSIDIARY OF DAYA MATERIALS BERHAD OF 275,000 ORDINARY SHARES OF RM1.00 EACH IN CLARIMAX CONSOLIDATED SDN BHD (CCSB) REPRESENTING 55% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CCSB FOR A TOTAL CASH CONSIDERATION OF RM366,667 (PROPOSED ACQUISITION OF CCSB)

Contents :

We refer to the announcements dated 7 September 2007 and 16 October 2007 in relation to the above.


We wish to inform that the Company had on 16 November 2007 entered into a Supplemental Agreement
(Supplemental SPA) with Ishar Singh Gill s/o Jiwan Singh Gill (Vendoror Mr. Ishar).

The abovementioned Supplemental SPA supplements the principal sale and purchase agreement dated 7 September 2007 (Principal Agreement).

Under the aforesaid Supplemental SPA, both the Company and the Vendor have agreed that the period for fulfilling the Conditions Precedents be extended by a further two months (2) months period to commence the day after the expiry of two (2) months from the date of the Principal Agreement.

This announcement is dated 16 November 2007.


Announcement Info

Company NameDAYA MATERIALS BERHAD (MESDAQ Market) 
Stock Name DAYA
Date Announced16 Nov 2007  
CategoryGeneral Announcement
Reference NoCC-071116-3CAB5



Related Announcements for DAYA
Date Title
13/04/2015 OTHERS DAYA MATERIALS BERHAD (“DMB” or “the Company”) PROPOSED JOINT VENTURE BETWEEN DAYA SHEFFIELD SDN. BHD., A JOINT VENTURE COMPANY OF DAYA OCI SDN BHD AND CONNECT ENERGY SERVICES PTE.LTD. (“PROPOSED JOINT VENTURE”)
30/03/2015 OTHERS Daya Materials Berhad ("DMB" or "the Company") -Appointment of Deputy Group Chief Executive Officer
30/03/2015 OTHERS DAYA MATERIALS BERHAD (“DMB” or the Company”) ACQUISITION OF 2,000,000 ORDINARY SHARES OF RM1.00 EACH IN DAYA CLARIMAX SDN. BHD. (“DCLX”) FROM MERIDIAN ORBIT SDN. BHD. (“MOSB”), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF DMB, REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DCLX FOR A CASH CONSIDERATION OF RM2,119,399 (“INTERNAL GROUP RE-ORGANISATION”)
10/03/2015 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS DAYA MATERIALS BERHAD ("DMB" OR "THE COMPANY") PROPOSED DISPOSAL OF 2,400,000 ORDINARY SHARES OF RM1.00 EACH IN DAYA CMT SDN. BHD. (“DCMT”) TO PERFECT PROPEL SDN. BHD. (“PURCHASER”) FOR A TOTAL CASH CONSIDERATION OF RM18,000,000.00 (“PROPOSED DISPOSAL”)
09/03/2015 MEMORANDUM OF UNDERSTANDING DAYA MATERIALS BERHAD ("DMB" or "the Company") - MEMORANDUM OF UNDERSTANDING (“MOU") BETWEEN MERIDIAN ORBIT SDN. BHD. (“MOSB”), A WHOLLY-OWNED SUBSIDIARY OF DMB AND GLOTEL SDN.BHD. (“GLOTEL”)
05/03/2015 MEMORANDUM OF UNDERSTANDING DAYA MATERIALS BERHAD (“DMB”) MEMORANDUM OF UNDERSTANDING (“MOU") BETWEEN DAYA OFFSHORE CONSTRUCTION SDN BHD (“DOCSB”), A WHOLLY- OWNED SUBSIDIARY OF DMB AND CARACAL OIL & GAS SERVICES LIMITED (“CARACAL”)
04/03/2015 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS DAYA MATERIALS BERHAD ("DMB" OR "THE COMPANY") PROPOSED DISPOSAL OF 2,400,000 ORDINARY SHARES OF RM1.00 EACH IN DAYA CMT SDN. BHD. (“DCMT”) TO PERFECT PROPEL SDN. BHD. (“PURCHASER”) FOR A TOTAL CASH CONSIDERATION OF RM18,000,000.00 (“PROPOSED DISPOSAL”)
10/02/2015 MULTIPLE PROPOSALS DAYA MATERIALS BERHAD (“DMB” OR “COMPANY”) (I) PROPOSED ACQUISITION OF “SIEM DAYA 1” (II) PROPOSED ACQUISITION OF “SIEM DAYA 2” (III) PROPOSED PLACEMENT (IV) PROPOSED RIGHTS ISSUE (V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
09/02/2015 OTHERS DAYA MATERIALS BERHAD (“DMB” OR “COMPANY”) MEMORANDUM OF AGREEMENT (“MOA”) BETWEEN DAYA VESSELS LIMITED (“DVL”), A SUBSIDIARY OF DAYA OCI SDN BHD (“DOCI”), WHICH IN TURN IS A SUBSIDIARY OF DAYA MATERIALS BERHAD (“DMB”) AND SBM INSTALLER S.A.R.L (“SBM”), FOR THE ACQUISITION OF A DIVING SUPPORT AND CONSTRUCTION VESSEL (“VESSEL”)
05/02/2015 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): INTENTION TO DEAL DURING CLOSED PERIOD