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【PERDANA 7108 交流专区】柏达纳

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发表于 7-3-2024 09:47 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Work Order Extension from PETRONAS Carigali Sdn Bhd for the provision of one (1) unit Accommodation Work Barge
INTRODUCTION

Further to the Company’s announcement on 28 March 2023, the Board of Directors of Perdana Petroleum Berhad (the “PPB” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has, on 4 November 2023 received a work order amendment and extension No. 1 from PETRONAS Carigali Sdn Bhd (“PCSB”) (the “Charterer”) for one (1) unit of Accommodation Work Barge (“AWB”) (“Contract Extension”).

DETAILS OF THE CONTRACT EXTENSION

The Contract Extension involves the amendment to the extension period from the original 229 days option to a period of up to 271 days, commencing from 4 November 2023. The Contract Extension is valued at approximately RM19.8 million.

PNSB shall provide 1-unit of AWB with crew and equipment to perform a continuous service as per the scope of works agreed to assist PCSB’s project activities.

FINANCIAL EFFECTS

The Contract Extension is expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2024. The Contract Extension will not have effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract Extension are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any direct or indirect interest in the Contract Extension.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance of the Contract Extension is in the best interest of PPB.

The Contract Extension announcement is not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the Charterer to release this announcement is required and the Company has on 6 March 2024 obtained the Charterer’s approval to release the same.

This announcement is dated 6 March 2024.



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发表于 7-3-2024 09:48 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Work Order Award for the provision of one (1) unit Anchor Handling Tug & Supply vessel for PETRONAS Carigali Sdn Bhd
INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (the “PPB” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has received a work order award from PETRONAS Carigali Sdn Bhd (“PCSB” or the “Charterer”) on 30 November 2023 for the provision of one (1) unit of Anchor Handling Tug & Supply (“AHTS”) vessel (“Contract”).

DETAILS OF THE CONTRACT

The Contract, which will commence on the Vessel’s on-hire certificate date (“Commencement Date”) is for a duration of up to two hundred thirty-eight (238) days from the Commencement Date. The Contract is valued at approximately RM17.1 million.

PNSB shall provide a unit of AHTS vessel with crew and equipment to perform a continuous twenty-four (24) hours service for the purpose of assisting and/or servicing drilling rigs, offshore installations, derrick barges, towing and anchor job for PCSB.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2024. The Contract will not have effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any direct or indirect interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance of the Contract is in the best interest of PPB.

The Contract announcement is not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the Charterer to release this announcement is required and the Company has on 6 March 2024 obtained the Charterer’s approval to release the same.

This announcement is dated 6 March 2024.



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发表于 9-3-2024 12:21 PM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
PERDANA PETROLEUM BERHAD ("PPB" OR THE "COMPANY")LETTERS OF AWARD FROM RELATED PARTY, DAYANG ENTERPRISE SDN BHD TO CHARTER ONE (1) UNIT ANCHOR HANDLING TUG & SUPPLY VESSEL AND ONE (1) UNIT ACCOMMODATION WORKBARGE
The Board of Directors of PPB wishes to announce that the wholly-owned subsidiary of the Company, Perdana Nautika Sdn Bhd (“PNSB”) has on 6 December 2023 and 21 December 2023 accepted the letters of award from Dayang Enterprise Sdn Bhd (“DESB”), a wholly-owned subsidiary of Dayang Enterprise Holdings Bhd (“Dayang”) which is a major shareholder of PPB, to charter one (1) unit Anchor Handling Tug & Supply (“AHTS”) vessel and one (1) unit Accommodation Work Barge (“AWB”) respectively (collectively the “Vessels Charter”).

Please refer to the attached file for full details of the Vessels Charter.

This announcement is dated 8 March 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3429328

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发表于 30-8-2024 02:52 PM | 显示全部楼层
本帖最后由 icy97 于 30-8-2024 03:34 PM 编辑

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2024
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2024
30 Jun 2023
30 Jun 2024
30 Jun 2023
$$'000
$$'000
$$'000
$$'000
1Revenue
124,594
81,635
223,813
111,268
2Profit/(loss) before tax
45,514
13,868
54,782
4,162
3Profit/(loss) for the period
34,703
8,646
40,774
389
4Profit/(loss) attributable to ordinary equity holders of the parent
34,703
8,646
40,774
389
5Basic earnings/(loss) per share (Subunit)
1.56
0.39
1.84
0.02
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.3300
0.3000




Type
Announcement
Subject
OTHERS
Description
Press Release
A copy of the press release entitled "PERDANA PETROLEUM BERHAD ANNOUNCES STRONG SECOND QUARTER 2024 FINANCIAL RESULTS WITH SIGNIFICANT PROFIT GROWTH" dated 19 August 2024 is enclosed.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474599

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发表于 14-10-2024 09:23 AM | 显示全部楼层
本帖最后由 icy97 于 26-10-2024 09:44 AM 编辑

Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
PERDANA PETROLEUM BERHAD ("PPB" OR THE "COMPANY")WORK ORDER AWARD TO CHARTER TWO (2) UNITS ACCOMMODATION WORKBOAT TO RELATED PARTY, DESB MARINE SERVICES SDN BHD
Reference is made to Perdana Petroleum Berhad's announcement dated 8 October 2024.

A correction is made to the aggregate value of recurrent transactions with Dayang Group which should be RM54.3 million and not RM40.49 million.

The amended announcement is attached for reference.

This announcement is dated 9 October 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3490447
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发表于 20-2-2025 03:54 PM | 显示全部楼层
本帖最后由 icy97 于 21-2-2025 09:51 AM 编辑

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2024
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2024
31 Dec 2023
31 Dec 2024
31 Dec 2023
MYR'000
MYR'000
MYR'000
MYR'000
1Revenue
89,051
98,722
440,115
313,913
2Profit/(loss) before tax
23,644
31,240
183,328
65,829
3Profit/(loss) for the period
29,458
21,363
146,034
44,511
4Profit/(loss) attributable to ordinary equity holders of the parent
29,458
21,363
146,034
44,511
5Basic earnings/(loss) per share (Subunit)
1.32
0.96
6.57
2.01
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent
0.3500
0.3000





Type
Announcement
Subject
OTHERS
Description
Press Release
A copy of the press release entitled "PERDANA PETROLEUM BERHAD POST REMARKABLE FINANCIAL RESULTS WITH SIGNIFICANT UTILISATION AND PROFIT GROWTH" dated 19 February 2025 is enclosed.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3524971

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发表于 13-3-2025 11:35 PM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Perdana Petroleum Berhad ("PPB or the "Company")Work Order from Sarawak Shell Berhad for the provision of two (2) units Accommodation Work Barges
INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (“PPB”) or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has on 14 November 2024 accepted a work order from Sarawak Shell Berhad (“SSB” orthe “Charterer”) for the charter of two (2) units of Accommodation Work Barges (“AWB”) (“Vessels Charter”) in accordance with the provisions under the Panel Contractor Contract (“PCC”) for offshore support vessel services for Petroleum Arrangement Contractors (“PACs”) dated 9 April 2024 executed between Charterer and PNSB.

DETAILS OF THE VESSELS CHARTER
VesselAWB 1AWB 2
Proposed Commencement Date15 March 20257 April 2025
Proposed Duration Three years with option to extend for 1 year
Estimated Value of the Vessels Charter In view of the confidentiality and privacy clauses of the contracts, the estimated value of the contracts cannot be disclosed. However, it shall be in accordance with the terms of the work orders issued.
PNSB shall provide the AWB vessels with crews and equipment to perform 24-hour services for assisting and/or servicing drilling rigs, offshore installation, derrick barges, towing and anchor jobs as per the scope of works agreed on to assist SSB’s project activities.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2025 to 2028. The Contract will not have effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any direct or indirect interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance of the Contract is in the best interest of PPB.

The Contract announcement is not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the Charterer to release this announcement is required and the Company has on 12 March 2025 obtained the Charterer’s approval to release the same.

This announcement is dated 12 March 2025.

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发表于 6-5-2025 10:48 PM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Perdana Petroleum Berhad (“PPB or the “Company”)Award from Hess Exploration and Production Malaysia B.V. for the provision of two (2) units Anchor Handling Tug & Supply Vessels
INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (the “PPB” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has on 20 November 2024 accepted two (2) separate letters of award from Hess Exploration and Production Malaysia B.V. (the “Charterer”) for the charter of two (2) units of Anchor Handling Tug & Supply (“AHTS”) vessels under the provision of Production Operations Vessels (“POV”) contract (“Contract”).

DETAILS OF THE CONTRACT

The Contracts are for a duration of three (3) years from the commencement date of the charter for the above AHTS vessels respectively as evidenced on the on-hire certificate with  an extension option of three (3) years.

PNSB shall provide two units of AHTS vessels with crew and equipment to perform the agreed scope of works to meet the Charterer’s requirements.

FINANCIAL EFFECTS

The Contracts are expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2025 to 2028. The Contracts will not have effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contracts are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any direct or indirect interest in the Contracts.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance of the Contracts is in the best interest of PPB.

The Contracts announcement is not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the Charterer to release this announcement is required and the Company has on 9 April 2025 obtained the Charterer’s approval to release the same.

This announcement is dated 9 April 2025.
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发表于 28-7-2025 01:05 PM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2025
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2025
31 Mar 2024
31 Mar 2025
31 Mar 2024
MYR'000
MYR'000
MYR'000
MYR'000
1Revenue
37,563
99,219
37,563
99,219
2Profit/(loss) before tax
-16,526
9,268
-16,526
9,268
3Profit/(loss) for the period
-18,328
6,071
-18,328
6,071
4Profit/(loss) attributable to ordinary equity holders of the parent
-18,328
6,071
-18,328
6,071
5Basic earnings/(loss) per share (Subunit)
-0.82
0.27
-0.82
0.27
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent
0.3400
0.3500

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发表于 28-7-2025 01:15 PM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Press Release
A copy of the press release entitled "PERDANA PETROLEUM BERHAD STARTS 2025 ON A CAUTIOUS NOTE AMID LOWER UTILISATION AND SUBDUED OFFSHORE ACTIVITY" dated 21 May 2025 is enclosed.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3555103

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发表于 20-8-2025 04:05 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
PERDANA PETROLEUM BERHADACCEPTANCE OF WORK ORDER AWARD FROM A PETROLEUM ARRANGEMENTCONTRACTOR FOR THE PROVISION OF AN ANCHOR HANDLING TUG AND SUPPLY VESSEL

INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (“PPB” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) had on 19 May 2025 accepted a work order award (“WOA” or “Contract”) issued by a Petroleum Arrangement Contractor (“PAC”) for the
provision of one (1) unit Anchor Handling Tug and Supply vessel (“Vessel”).

DETAILS OF THE CONTRACT

The Contract, which will commence on the Vessel’s on-hire certificate date (“Commencement Date”) is for a duration of 120 days with an option to extend for another 100 days (“Charter Period”). The estimated contract value shall be in accordance with the WOA issued. In view of the confidentiality and privacy clauses of the Contract, the name of the PAC is not disclosed.

PNSB shall provide the Vessel with crew and equipment to perform a continuous twenty-four (24) hour service for the purpose of assisting and/or servicing drilling rigs, offshore installations, derrick barges, towing and anchor jobs.

FINANCIAL EFFECTS

The WOA is expected to contribute positively to the earnings and net assets of PPB group for the financial year ending 31 December 2025 (excluding any extension period).

The WOA will not have any effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them has any direct or indirect interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance and execution of the WOA is in the best interest of PPB.

The WOA is not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the PAC to release this announcement is required and the Company has on 1 July 2025 obtained the Charterer’s approval to release the same.

This announcement is dated 1 July 2025.


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发表于 22-8-2025 02:48 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Perdana Petroleum Berhad ("PPB or the "Company")Work Order from PTTEP Sabah Oil Limited for the provision of one (1) unit Anchor Handling Tug & Supply Vessel
INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (the “PPB” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has on 27 November 2024 accepted a work order from PTTEP Sabah Oil Limited (the “Charterer”) for the charter of one (1) unit of Anchor Handling Tug & Supply (“AHTS”) vessel (“Contract”) in accordance with the provisions under the Panel Contractor Contract (“PCC”) for offshore support vessel services for Petroleum Arrangement Contractors (“PACs”) dated 9 April 2024 executed between Charterer and PNSB.

DETAILS OF THE CONTRACT

The Contract, which will commence on the vessel’s on-hire certificate date (“Commencement Date”) is for a duration of three (3) years with option to extend for another three (3) years from the Commencement Date (“Charter Period”). The estimated contract value cannot be determined at this time, as it will vary based on the location to which the vessel is assigned throughout the Contract Period.  

PNSB shall provide a unit of AHTS vessel with crew and equipment to perform a continuous twenty-four (24) hours service for the purpose of assisting and/or servicing drilling rigs, offshore installations, derrick barges, towing and anchor job.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2025 to 2028. The Contract will not have effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any direct or indirect interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance of the Contract is in the best interest of PPB.

The Contract announcement is not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the Charterer to release this announcement is required and the Company has on 3 July 2025 obtained the Charterer’s approval to release the same.

This announcement is dated 3 July 2025.

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发表于 8-9-2025 01:56 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
PERDANA PETROLEUM BERHAD ("PPB" OR THE "COMPANY")WORKS ORDER AWARD FOR THE PROVISION OF ONE (1) UNIT ACCOMMODATION WORK BARGE TO RELATED PARTY, DESB MARINE SERIVCES SDN BHD

The Board of Directors of PPB wishes to announce that the wholly-owned subsidiary of the Company, Perdana Nautika Sdn Bhd (“PNSB”) has on 20 May 2025 accepted the work order award from DESB Marice Services Sdn Bhd (“DESBMS”), a wholly-owned subsidiary of Dayang Enterprise Holdings Bhd (“Dayang”) which is a major shareholder of PPB, for one (1) unit of Accommodation Work Barge (“AWB”) (“Vessel Charter”).

DETAILS OF THE VESSEL CHARTER EXTENSION

The Vessel Charter is expected to commence on 16 June 2025 (“Commencement Date”). The duration of the contract is for a firm period of 130 days from the Commencement Date, with an extension option up to 60 days. The total estimated contract value (without the extension period) is approximately RM11.6 million.

PNSB shall provide the AWB with crews and equipment to perform 24-hour services for assisting and/or servicing drilling rigs, offshore installation, derrick barges, towing and anchor jobs.

DETAILS OF THE RECURRENT RELATED PARTY TRANSACTION

The Vessel Charter is recurrent related party transactions which the Company has obtained a mandate from the Company’s shareholders at its Annual General Meeting held on 21 May 2025 for the amount of RM140.0 million.

The principal activities of the PPB Group are the provision of marine support services for the oil and gas industry and the chartering of offshore support vessels (“OSV”). As Dayang is a major shareholder of the Company, the Vessel Charter is deemed a recurrent related party transaction (“RRPT”).

The above RRPT will be carried out on arm’s length basis and on normal commercial terms which are not more favourable to the related party.

RATIONALE

The PPB Group’s OSV operations complement those of Dayang and its group of companies (“Dayang Group”), whose principal activities is the provision of offshore topside maintenance services, minor fabrication works and offshore hook-up and commissioning services. The Vessel Charter is part of the strategic alliance between Dayang Group and PPB Group where the utilisation of its vessel can be maximised and qualified to bid for more offshore maintenance works.

EFFECTS OF THE RRPT

The effects of the RRPT are as set out below: -

(a)     Share Capital and Substantial Shareholdings

The RRPT will not have any effect on the issued and paid-up share capital of PPB or the shareholdings of PPB’s substantial shareholders as it does not involve any issue of shares of the Company.

(b)     Earnings, Net Assets and Gearing

The RRPT is not expected to have any material effect on the net assets of PPB Group for the financial year ending 31 December 2025, but is anticipated to contribute positively to the future earnings of PPB Group. There will also not be any material effect on the gearing of the PPB Group.

CONDITIONS OF THE RRPT

The Vessel Charter is recurrent transactions with Dayang Group which the Company has obtained a mandate of RM120.0 million from the Company’s shareholders at its Annual General Meeting held on 21 May 2025. The value transacted since then (including the above-mentioned Vessel Charter) to the date of this announcement is RM13.9 million.

RISK FACTORS

The risks associated with the Vessel Charter are normal operational risks, which can be mitigated through PPB Group’s system of project management and internal business controls.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

The Interested Directors of the Company, namely En Alias bin Mat Lazin an being officer of Dayang and Mr Chin Chee Kong being a Director of NAIM Holdings Berhad (“NAIM”), a person connected to Dayang, are interested in the Vessel Charter.

Dayang, NAIM, Datuk Ling Suk Kiong, Y.M. Tengku Dato’ Yusof bin Tengku Ahmad Shahruddin, Joe Ling Siew Loung @ Lin Shou Long, Datuk Hasmi bin Hasnan and Datuk Amar Abdul Hamed bin Haji Sepawi are the major shareholders of PPB (“Interested Major Shareholders”) and are interested in the Vessel Charter.

The Interested Directors, have abstained and will continue to abstain from Board deliberations and voting on the relevant resolution pertaining to the Vessel Charter at the Board Meeting.

STATEMENT BY THE BOARD OF DIRECTORS

Save for the Interested Directors, the other members of the Board are of the opinion that the Vessel Charter is in the best interest of the PPB Group.

The approval of DESBMS to release this announcement is required and the Company has on 30 July 2025 obtained the approval to release.

This announcement is dated 31 July 2025.


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