KUCHING: Aberdeen Group PLC (formerly known as ABRDN PLC) has emerged as a substantial shareholder in Dayang Enterprise Holdings Bhd.
The UK-based fund acquired 57,972,400 shares (5.007%) on November 24, 2025, according to Dayang’s filing with Bursa Malaysia.
Since then, Aberdeen has amassed more shares, increasing its total shareholdings in Dayang to 60,359,400 shares (5.213%). The latest acquisition of 360,600 shares was made on December 2.
Dayang group’s core businesses are in offshore topside maintenance services in the oil & gas industry, and charter of offshore supply vessels and equipment rental.
Another substantial shareholder, Employees Provident Fund Board (EPF) has also further raised its equity interest in Dayang to 129,911,000 shares (11.221%) with the acquisition of 464,200 shares on December 1. The pension fund became a substantial shareholder in Dayang in March 2025, with holdings of 59.725 million shares (5.159%).
Dayang gained 8sen to RM1.65 with volume of about 2.83 million shares on Thursday.On a 52-week period, the stock traded between RM1.43 and RM2.27.
Property developer Naim Holdings Bhd is Dayang’s single largest shareholder, with an equity interest of 280.4 million shares (24.22%).
During the January-September 2025 period (9m2025), Dayang posted group net profit of RM169.2 million on revenue of RM726.9 million, which were sharply lower as compared to RM294.3 million and RM1.15 billion respectively in the same period in 2024.
Dayang blamed the RM424.5 million drop in revenue (-37%) to reduction in vessels’ utilisation rates to 57 per cent from 76 per cent a year ago, coupled with a significant reduction in third-party vessels chartering income.
This decline, it pointed out, was mainly caused by delays in the project commencement by oil majors, reduced vessels availability resulting from scheduled dry-docking activities and early off-hire of certain accommodation workboats. Fewer work orders/contracts awarded by oil majors under topside maintenance contracts also contributed to decrease in revenue.
As of September 30, 2025, Dayang group had estimated call-out contracts stood at about RM4.9 billion.
