KUCHING: Serba Dinamik Holdings Bhd group managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah (pic) has been allocated 189,144,534 free warrants of the company, which will be listed and quoted on Bursa Malaysia Main Market today.
The company issued 881,099,921 free warrants on the basis of two warrants for every five sub-divided shares under a recent corporate exercise which also involved a share split and bonus issue.
The share split involved the subdivision of every two existing ordinary shares while the bonus issue was on the basis of two bonus shares for every five subdivided shares.
This exercise was completed following the listing of the subdivided shares and bonus shares on December 4.
Dr Mohd Abdul Karim owns 189,144,534 shares or 21.467 percent in Serba Dinamik.
Meanwhile, substantial shareholder Employees Provident Fund Board (EPF) has acquired additional one million shares in Serba Dinamik in the open market on Dec 5, bringing its total shareholdings to 180,224,720 units of 5.844 percent, according to the company’s filing with Bursa Malaysia.
Meanwhile, Perdana Petroleum Bhd’s wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB) has secured two work orders from Petronas Carigali Sdn Bhd for the provision of two units of anchor handling tug & supply (AHTS) vessels with combined contract value of RM36 million.
Both contracts are worth RM18 million and the contract duration is up to 365 days.
“PNSB shall provide the AHTS vessels with crew and equipment to perform 24-hour services for assisting and/or servicing drilling rigs,offshore installation, derrick barges, towing and anchor jobs,” Perdana Petroleum said.
Separately, Velesto Drilling Sdn Bhd (VED) has received a letter of award from Mubadala Petroleum’s entity,MDC Oil & Gas (SK 320) (Murbadala Petroleum) for the provision of jack up drilling rig unit and services for Pegaga Development Drilling Campaign.
The contract is estimated to be worth US$30 million.
VED is 100 percent-owned by Velesto Malaysian Ventures Sdn Bhd,which in turn is a wholly-owned subsidiary of Velesto Energy Bhd (VEB)
“The contract is to drill seven wells with an expected commencement date envisaged for the second quarter of 2020
“VED will use its Naga 4 to undertake the works.Naga 4 is a premium independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet,” VEB told Bursa Malaysia.
In another development, ENRA SPM Labuan Ltd (ESPML) has proposed to acquire vessel MT Maersk Edgar in line with the group’s strategy to expand its offshore services and enhance its capability in offshore oil and gas operations.
ESPML has awarded the modification works on the vessel to SPM Terminals Pty Ltd (SPMT), a related party for US$1.82 million.
ESPML is a wholly-owned subsidiary of Enra SPM Sdn Bhd (ESPM), which in turn is a 60 percent-owned subsidiary of Enra Group Bhd (Enra).
“Under the contract, SPMT will undertake the design, engineering, procurement, fabrication, installation and commissioning of the modification works to the vessel,” said Enra.
The modification works to the vessels are required to enable the vessel to obtain classification for oil storage services as the vessel is presently an oil carrier tanker.
The modification works is expected to be completed by March 15, 2020.