KUALA LUMPUR: Energy services group Serba Dinamik Holdings Bhd is in talks to take over Sarawak state-owned integrated engineering firm Brooke Dockyard and Engineering Works Corp, sources said. Serba Dinamik could not be reached for comment on the matter. Based in Sarawak, Brooke Dockyard is involved in the oil and gas (O&G) services sector, including maintenance, repair and overhaul (MRO) — in which Serba Dinamik has a presence. TA Securities in its research note said that Serba Dinamik is poised to receive new MRO orders estimated to be about RM1 billion from Sarawak this year. Serba Dinamik has set a target of securing an additional RM5 billion of new job orders in 2020, on top of its existing order book of some RM10 billion.

Source: The Edge Markets February 10, 2020 00:45 UTC