$DAYANG (5141.MY)$ announced that its wholly owned subsidiary, Dayang Enterprise Sdn Bhd, has signed a joint venture and shareholders’ agreement with Brunei-based company Petrokon Utama Sdn Bhd to collaborate on projects in Brunei.
The group stated that this joint venture is expected to strengthen Dayang Enterprise’s presence in the Brunei market and enhance the group’s capabilities in maintenance, turnaround, and construction-related activities through collaboration with a local partner.
In other words, Dayang Enterprise aims to leverage its local partner’s resources and network to further expand its opportunities in oil and gas-related engineering projects in Brunei.
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