Moya Dayen says it has entered into a settlement deed for the outstanding debt of US$975,000 owed by PT ATPK Resources Tbk. and PT Modal Investasi Mineral.
ATPK and MIM will repay the debt in instalments. If the companies fail to pay any of the instalments, they will have to pay Moya Dayen interest.
Moya Dayen also has the option to request that part or all of the outstanding debt be converted into ATPK shares.
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SIAS Research in a July 1 research report says: “Moya Dayen Ltd designs and builds both water treatment and water desalination systems. The company was previously plagued with flawed internal controls and serious financial mismanagement. However, the entry of Moya Holding helps to inject new life into the entity by desalinating the “bad saltâ€.
Ziyad Fekri Z. Omar has been appointed non-ED wef May 5
Work experience: Co-founder/CIO, Gulf One Investment Bank, Bahrain; founder, Compass Consulting, Bahrain/Compass International Financial
Singapore’s benchmark Straits Times Index (.FTSTI) yesterday fell 0.18% to 2,913.94 points. Last night, The Dow Jones industrial average (.DJI) rose 0.42% to 10,779.17 points. The Nasdaq Composite Index (.IXIC) finished 0.09% higher to end at 2,391.28 points. Here are some stocks and factors to watch:
Sembcorp Marine (SCMN.SI) , the world’s second-largest offshore oil rig maker, said it has secured a $550 million contract from ConocoPhillips (COP.N) to build accommodation for the North Sea’s Ekofisk field.
Catalist-listed Dayen Environmental has been awarded a $6.55 million contract by The Public Utilities Board of Singapore (PUB) to undertake the engineering, procurement and construction (EPC) works to construct a pumping station with a capacity of 68,000 cubic metres per day (equivalent to 15 million gallons per day) within Jurong Water Reclamation Plant to deliver additional industrial water to Jurong Island.
Dayen Environmental says the group’s former deputy chairman and executive director John Lee is currently under investigations by the Commercial Affairs Department (CAD) under the Securities and Futures Act.
Lee has also informed the company that a police bail of $30,000 has been posted.
Dayen Environmental says the Commercial Affairs Department (CAD) has ordered the group today to assist it with its investigations into certain affairs of the group under the Securities and Futures Act.
Dayen says CAD has not informed the group of the nature of their investigations but has asked the group to produce information and documents relating to:
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index dropped 1% to 2,888.38.
US stocks rose last night as investors bet on recently weakened technology and financial shares ahead of earnings from bellweathers Intel Corp (INTC.O) and JPMorgan Chase & Co (JPM.N), taking the Dow industrials to a fresh 15-month high.
Water and wastewater treatment specialist Dayen Environmental says it has signed a new contract with Waagner Biro Qatar W.L.L. for a new ultra-filtration project in Qatar.
The contract, which is valued at US$583,000 ($814,626), will entail the design, supply, installation and commissioning of an ultra-filtration system for a treated sewage effluent polishing plant for Waagner Biro.
Dayen Environmental, the wastewater treatment specialist, says it has entered into a new contract with Habib Ali Awachi & Sons Group for a new sewage treatment plant in Bahrain.
Under the contract, Dayen will supply and supervise the installation and commissioning of a 1,000 cubic metres/day municipal sewage treatment plant system using Membrane Bioreactor technology for Bahrain Petroleum Company (BAPCO), a wholly-owned company of the Government of Bahrain engaged in the production and refining of crude oil.
Dayen Environmental says it recorded a revenue of $35.5 million and loss attributable to shareholders of $5.53 million for the financial year ended 30 September 2009.
The group says revenue for the year ended Sept 30 2009 increased by 20% from $29.53 million for the financial year ended Sept 30 2008 as compared to $35.5 million for the year ended Sept 30 2009. The increase was due to several key projects in Johor Bahru (Malaysia), Cambodia and Singapore being significantly completed for the financial year ended Sept 30 2009.
