PERDANA Petroleum Bhd has got another Sarawakian investor in Dayang Enterprise Holdings Bhd, barely a week after Sarawakian Tiong Chiong Hiiung bought 8.15 per cent stake in the oil and gas services provider.
In a statement yesterday, Dayang said it is buying a 10 per cent stake in Perdana Petroleum as part of its plan to expand and diversify its business to mitigate the shortfall of vessels.
"In addition, the board believes that the proposed subscription would provide the opportunity to participate in potentially high yielding contracts," the company told Bursa Malaysia.
Last week, Tiong, a Sarawakian chicken breeder emerged as a substantial shareholder in Perdana Petroleum via Achiever Development Sdn Bhd.
Achiever is believed to be a vehicle of the Tiong family in Sarawak, of which Tiong has a direct shareholding.
Tiong is also the managing director of listed the CCK Consolidated Holdings Bhd, which was founded by his father Datuk Tiong Su Kuok.
Dayang said in October that it may buy a strategic stake in Perdana Petroleum as part of a potential collaboration with the offshore marine support provider.
Perdana Petroleum now has a fleet of 22 offshore marine vessels comprising anchor-handling tug supply vessels, work barges, work boats and platform supply vessels.
Under the company's fleet expansion and renewal programme, 14 new vessels will be delivered over the next one to two years, Perdana Petroleum said on its website.
In a statement yesterday, Dayang said it is buying a 10 per cent stake in Perdana Petroleum as part of its plan to expand and diversify its business to mitigate the shortfall of vessels.
"In addition, the board believes that the proposed subscription would provide the opportunity to participate in potentially high yielding contracts," the company told Bursa Malaysia.
Last week, Tiong, a Sarawakian chicken breeder emerged as a substantial shareholder in Perdana Petroleum via Achiever Development Sdn Bhd.
Achiever is believed to be a vehicle of the Tiong family in Sarawak, of which Tiong has a direct shareholding.
Tiong is also the managing director of listed the CCK Consolidated Holdings Bhd, which was founded by his father Datuk Tiong Su Kuok.
Dayang said in October that it may buy a strategic stake in Perdana Petroleum as part of a potential collaboration with the offshore marine support provider.
Perdana Petroleum now has a fleet of 22 offshore marine vessels comprising anchor-handling tug supply vessels, work barges, work boats and platform supply vessels.
Under the company's fleet expansion and renewal programme, 14 new vessels will be delivered over the next one to two years, Perdana Petroleum said on its website.
