KUALA LUMPUR: Daya Materials Bhd (DMB) has proposed to dispose of its offshore subsea construction vessel, Siem Daya 1 (SD1), via the disposal of the group’s wholly-owned unit, Daya Global 1 Ptd Ltd (DG1PL), to Siem OCV Ptd Ltd for US$100mil (RM442mil).
The disposal consideration comprises US$82.7mil in cash and US$17.3mil to be settled via a debt forgiveness, cancellation and settlement arrangement between Siem Offshore Rederi AS and Canyon Offshore Inc, Daya Vessel Ltd and DMB.
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