The oil and gas company told Bursa Malaysia that its shareholder equity was on a consolidated basis of RM19.1mil, which represents less than 25% of its issued capital.
PETALING JAYA: Oil and gas services firm Daya Materials Bhd will see the entrance of a new major shareholder or white knight, who will hold some 20% of the company, should its debt restructuring plan go through.
The new major shareholder is Perfect Propel Sdn Bhd, (PPSB) which will be issued new Daya Material shares at 2.5 sen, and subsequently also participate in the company’s rights issue exercise.
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