HONG KONG (Yosefardi) – Daya Petroleum Ventures Sdn. Bhd. (DPV), a subsidiary of Daya Materials Berhad (DMB), had on 16 October 2013 entered into a Shareholders and Joint Venture Agreement (SJVA) with PT. Singgar Mulia and Globalstroy Engineering India Pty Ltd, a wholly-owned affiliate of Open Joint Stock Company, Globalstroy Engineering Services to jointly venture into design engineering services business opportunities.
Singgar Mulia will holds 30% shares in the JV, with registered address and its business address in Kuala Lumpur, Malaysia.
Singgar Mulia is principally engaged in the provision of design engineering services in the oil, gas and petrochemical industry.