Malaysia's DMB, Vietnam's Petechim Sign MOU to Tap Vietnamese O&G Markets

Malaysia's oil and gas services company Daya Materials Berhad (DMB) disclosed Friday that it has signed a Memorandum of Understanding (MOU) with Vietnam's technological services and trading activities firm Petechim Joint Stock Company (JSC).

The purpose of the MOU is to record the preliminary intentions and understanding of DMB and Petechim JSC with respect to their common interest and agreement to combine their expertise, know-how, industry connections and resources to collaborate in providing products and services to the Vietnamese Oil & Gas markets.

None of the Directors and/or major shareholders of DMB and/or persons connected to the Directors and/or major shareholders of DMB have any interest direct or indirect, in the MOU.

Further announcements on this proposed transaction will be made at the appropriate time.

This announcement is dated Dec. 4, 2015.

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