Eversendai to buy liftboat operator Vahana

first_imgVahana Arjun is currently under construction and is targeted to be completed by the end of June 2021. Currently, Vahana owns two liftboats, Vahana Aryan and Vahana Arjun. The RCPS will have a tenure of 10 years with a cumulative preferential dividend of 3 per cent per annum, payable only upon Vahana achieving a consolidated net profit after tax for the relevant financial year. Eversendai said on Wednesday that the price would be fully satisfied via the issuance of 770,491,803 new redeemable convertible preference shares (RCPS) in Eversendai at an issue price of RM0.305 after Eversendai had entered into a conditional share sale agreement with Vahana Offshore on 30 June 2020. The proposed acquisition will also resolve the existing cross borrowings and related party transactions involving Vahana and Eversendai. Vahana and its subsidiaries are principally involved in ownership, operations, chartering and management of self-propelled jack-up barges/liftboats. Vahana has secured a long-term time charter contract for Vahana Aryan with Zamil Offshore for Saudi Aramco and has also secured a similar contract with Zamil Offshore for Vahana Arjun. center_img The liftboats are used for maintenance, workover, well-service activities, hook-up, commissioning and decommissioning of offshore platforms in the oil and gas industry. The RCPS is convertible into Eversendai ordinary shares at a conversion ratio of 2 RCPS to 1 ordinary share equivalent to an implied conversion price of RM0.61. The RCPS will not be listed, quoted and traded on Bursa Securities or any other stock exchange. Malaysia’s engineering company Eversendai has decided to acquire a 100 per cent equity interest in service provider Vahana Offshore and its subsidiaries for a purchase consideration price of RM235 million ($54.8 million). Tan Sri Dato’ A K Nathan, Executive Chairman and Group Managing Director of Eversendai Corporation Berhad, believes that the proposed acquisition will provide Eversendai with the opportunity to own and operate Vahana Aryan and Vahana Arjun providing the enlarged Eversendai group with an additional source of consistent recurring income to enhance its revenue and profits. The liftboats could also be used for the installation and maintenance in the offshore wind renewable energy sector.last_img read more

"Eversendai to buy liftboat operator Vahana"

Cricket News Where will Shikhar Dhawan go in IPL 2019 – Delhi Daredevils or Kings XI Punjab?

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Shikhar Dhawan, who has been a key player for Sunrisers Hyderabad in the Indian Premier League, could head back to the Delhi Daredevils for the 2019 edition, according to sources. Earlier, there were reports that Dhawan could head to Kings XI Punjab.According to an ESPNCricinfo report, Dhawan, who played for Delhi Daredevils in the 2008 season, is not happy about his price tag and this has resulted in Sunrisers Hyderabad releasing him through the trading window. In the 2018 auctions, the Sunrisers Hyderabad franchise paid Rs 5.2 crore to retain the left-hander. Read More | Cricket Australia’s ‘arrogant’, ‘controlling’ culture criticisedAfter playing IPL 2008 for the Daredevils, Dhawan moved to Mumbai Indians and played for the franchise in 2009 and 2010. In 2011, Deccan Chargers brought Dhawan for $300,000 but following the disbanding of the franchise in 2012, the Indian cricket team opener became one of the key players for the new franchise Sunrisers Hyderabad.Read More | Pakistan whitewash Australia 3-0 in Twenty20 InternationalsDhawan is the leading run-getter in the IPL for Sunrisers Hyderabad, scoring 4058 runs in 143 games at an average of 33 and a strike-rate of 123. His best performance came in the 2016 season, when he smashed 501 runs at an average of 38 and along with David Warner, helped Sunrisers Hyderabad clinch the IPL title. Trade-offs in IPLBoth Dhawan and Delhi Daredevils have not released a public statement. If this deal goes through, then Dhawan will be the third player to have been traded off to another franchise in this period before the auction. Quinton de Kock was traded to Mumbai Indians from Royal Challengers Bangalore in what was a money-only trade. This trade involves paying money to the franchise and not replacing an existing player in the team. Mandeep Singh, who played for Royal Challengers Bangalore, has been traded to his home town team of Kings XI Punjab in place of Australia all-rounder Marcus Stoinis. The next IPL auction is scheduled on December 16 while some portion of the IPL in 2019 could be played outside of India in the wake of the general elections which will be held early next year. last_img read more

"Cricket News Where will Shikhar Dhawan go in IPL 2019 – Delhi Daredevils or Kings XI Punjab?"

10 months agoLeicester boss Claude Puel: We couldn’t get past Cardiff defence

first_imgAbout the authorPaul VegasShare the loveHave your say Leicester boss Claude Puel: We couldn’t get past Cardiff defenceby Paul Vegas10 months agoSend to a friendShare the loveLeicester City boss Claude Puel says they couldn’t find a way past Cardiff’s defence for Saturday’s 1-0 defeat.Neil Etheridge pulled off a string of important saves for the visitors, as well as denying James Maddison from the penalty spot with just 15 minutes to play.And while the fixture looked destined to finish goalless, Victor Camarasa curled an effort into the top corner to win it for Neil Warnock’s side.“We started this game with the right mentality,” Puel told LCFC TV after the game. “We knew it would be a tough game against this team – direct play, second balls, long throw-ins, all these things.“We managed our game with interesting moves and chances in the first and second half without finding the clinical edge. It was a shame. Of course, we cannot find the solution to score. We can take this goal but it is not a fair result.“A draw was the minimum and to lose this game for my team and players is harsh. Harsh because they had the right mentality despite tiredness in this busy period. They tried to give their best, to push until the end with a lot of chances.“It’s a shame. I’m sorry for my players and fans because it is not a fair result. We were unlucky, we conceded a fantastic goal and they scored with their chance at the end without the possibility to react. It’s difficult to accept, but that’s football.” last_img read more

"10 months agoLeicester boss Claude Puel: We couldn’t get past Cardiff defence"

10 months agoMan Utd striker Martial deletes his social media accounts

first_imgMan Utd striker Martial deletes his social media accountsby Paul Vegas10 months agoSend to a friendShare the loveManchester United striker Anthony Martial has deleted his social media accounts.The Instagram and Twitter profiles of Martial have been deleted.Following the link to @martial_9 on Instagram brings up the following message on the picture-sharing app: “Sorry, this page isn’t available. The link you followed may be broken, or the page may have been removed. Go back to Instagram.”A similar message appears on Twitter when trying to reach the profile @AnthonyMartial.Martial has taken drastic social media action in the past, twice deleting every single picture from his Instagram account – once in 2017 and once in 2018.The French forward is United’s joint-top scorer this season with nine goals, the same amount scored by midfielder Paul Pogba. About the authorPaul VegasShare the loveHave your saylast_img read more

"10 months agoMan Utd striker Martial deletes his social media accounts"

a month agoAston Villa ace Grealish: Terry driving me towards Euros

first_imgAbout the authorPaul VegasShare the loveHave your say Aston Villa ace Grealish: Terry driving me towards Eurosby Paul Vegasa month agoSend to a friendShare the loveJack Grealish says an inspirational chat with Aston Villa assistant John Terry has turned his focused towards Euro2020.The Villa midfielder has struggled so far this season, having watched peers Mason Mount and James Maddison selected ahead of him for the recent England squad.Asked if an England breakthrough is on his mind, Grealish told Standard Sport: “Yeah definitely.”I think the position I play at the moment there are so many talented players out there: Madders, Dele [Alli], Mason Mount and [Jesse] Lingard, so many good young English players.”So there is a lot of competition there but I know I can play. I back myself to get into the England team.”[I need to] add goals and assists to my game. At the start of the season I know I haven’t been playing to the standard I know I can. I can perform better. From being in the Championship last year, now to being in the Premier League it is going to take a bit of time.”I was speaking to John Terry the other day and he said it always took him five or six games to get to the standard he knew he could be at and I think that is the same as me at the moment.”I know how good I actually am, how good I can be and I want to start adding goals and assists to my game, I am sure I can force my way into the England team.” last_img read more

"a month agoAston Villa ace Grealish: Terry driving me towards Euros"

3 days agoSpurs boss Pochettino: If we don’t improve – I’m sacked

first_imgSpurs boss Pochettino: If we don’t improve – I’m sackedby Paul Vegas3 days agoSend to a friendShare the loveSpurs boss Mauricio Pochettino has admitted that he is fearing the sack for the first time.Tottenham’s dismal run of form continued at the weekend after a 1-1 home draw against struggling Watford .Spurs have won just three of their 12 games this season.“If we don’t improve our performances and results, what is going to be the result? It’s always the same in football,” said Pochettino.“I understand the business, I am 47.“Why do you think I don’t have white hair? Because I don’t pay attention to any of this.“I only pay attention to the fact that we need to improve our performances.”He added: “Football is always about winning today. What happened yesterday is gone.“Managers and coaches always need to win, today and tomorrow. Sometimes we think too far ahead. People sometimes say ‘Come on gaffer you are thinking too much’. But we need to think about today.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

"3 days agoSpurs boss Pochettino: If we don’t improve – I’m sacked"

ACC Media Picks Clemson To Win The Conference

first_imgACC media poll picks Clemson to win the conference.ACC Media PollFlorida State’s football program has won the ACC for the last three seasons. A new champion is expected in the conference this fall. At ACC Kickoff, the media selected Clemson to win the conference. The Tigers haven’t won the league since 2011. Clemson picked to win ACC over FSU by 84 to 41 ballots at ACC Media Day. GT favored in its division.— Joe Schad (@schadjoe) July 21, 2015The 2015 #ACCKickoff preseason poll, led by @ClemsonFB, has been released: http://t.co/mMOK526V4V pic.twitter.com/WGrdXdxpd6— ACC Football (@theACCfootball) July 21, 2015It should be a good year in the ACC.last_img read more

"ACC Media Picks Clemson To Win The Conference"

Pipeline decision too close to chastise BC at western premiers meeting Notley

first_imgEDMONTON – Alberta Premier Rachel Notley says while other western premiers meeting in Yellowknife will be talking about how to spend money, she’ll be working in Alberta figuring out how to earn it.Notley says she is not attending the meeting on Wednesday because her time is better spent making sure the Trans Mountain pipeline project goes ahead.She says Alberta needs to be able to pay for important programs to be discussed at the meeting such as pharmacare.She says it’s not business as usual because B.C. Premier John Horgan is trying to shut down the pipeline and take $15 billion out of the Canadian economy.She says it might be worth going to the meeting to chastise Horgan if a decision on Trans Mountain were still a long way off, but the deadline is too close now for her to do that.Owner Kinder Morgan has set May 31 as the date by which it needs to have enough certainty to proceed with the pipeline’s expansion.Alberta sees the pipeline as key to moving bitumen from the province to the coast and from there to lucrative overseas markets.last_img read more

"Pipeline decision too close to chastise BC at western premiers meeting Notley"

Under Moyes Manchester United Wasnt Particularly Good — Or Lucky

Manchester United fired manager David Moyes with four matches left in the English Premier League season, the club announced on Tuesday. His removal — after only 10 months on the job — left Moyes more than 25 seasons shy of the tenure of his predecessor, Sir Alex Ferguson. Going by results, that’s understandable: Ferguson’s United sides won England’s top league 13 times, while United under Moyes was languishing at seventh in the league, eliminated from the lucrative, Europe-wide Champions League for the coming season.Although Ferguson selected him as his successor, Moyes was always going to have big shoes to fill. Yet less noticed was that Ferguson had been, in his final season, lucky as well as good. By several crucial stats, United wasn’t as good last year as it seemed in winning the league by 11 points. The team has been worse by all these measures under Moyes. But the club has also been far less lucky.Soccer analysts, inspired by ice hockey’s Corsi stat, have begun to examine teams’ ability to create and prevent shots. Teams’ share of all shots taken, and their share of all shots on target, are far more predictive of future success than teams’ percentage of shots converted or of opponents’ shots saved, as soccer analyst James Grayson has shown.Last season, United was far from leading the Premier League in creating the lion’s share of shots, or shots on target. United ranked eighth of 20 teams in proportion of shots, and seventh in proportion of shots on target, according to Grayson; and seventh and fourth, respectively, according to Benjamin Pugsley, who uses a slightly different set of underlying numbers. (Soccer doesn’t yet have completely standardized stats — or, as, Pugsley puts it, “Football and numbers is really new.”)How, then, did Manchester United nonetheless lead the league in goal differential? By leading the league in shooting percentage and placing fourth in save percentage. Grayson calls the sum of those two percentages, multiplied by 1,000, PDO (after its hockey name), and he’s shown that it has essentially no value in predicting future results. United led the Premier League in PDO by a big margin last year. It did the same the year before, which at the time prompted Grayson to forecast a United decline — a year too early, as it turned out.So United’s path to the league title last year was a lucky one; its performance didn’t predict continued success this season. Sure enough, United’s PDO has declined from league-leading to seventh best, and that, combined with less-precipitous declines in share of shots and shots on target, has led to the club outscoring opponents by less than half a goal per game, compared to more than a goal per game last season.Not only did United convert shots, and prevent shots, at unusually high — and unsustainable — rates last season. The club also won more matches than expected based on its goal differential. United won the league by 11 points over Manchester City last season. It also had 12 more points than expected based on its goals scored and allowed. This year, it’s getting about as many points as expected based on goal differential.Was Ferguson just lucky last season, or was he able to conjure consistently high levels of shooting accuracy and goalkeeping even after his club’s edge in shots had eroded? On the one hand, his United clubs sustained high levels of PDO during his tenure. On the other hand, there’s some out-of-sample evidence from United’s Champions League performance, this season and last season.In Ferguson’s last year at the helm, United played eight Champions League games, yielded nine more shots than it took and outscored opponents by two goals. Real Madrid eliminated United in the round of 16. In this season’s Champions League, under Moyes, United allowed 32 more shots than it attempted, yet United still outscored opponents by eight goals, advancing to the quarterfinal stage.These results suggest United’s overachievement in the Premier League last season was due more to luck than to anything Ferguson did. read more

"Under Moyes Manchester United Wasnt Particularly Good — Or Lucky"

Ohio State did not attempt to recover deleted texts from Urban Meyer

Ohio State head coach Urban Meyer answers questions during his first press conference back from suspension. Credit: Amal Saeed | Assistant Photo EditorThe investigative team handling the suspension of Ohio State head coach Urban Meyer and athletic director Gene Smith did not send Meyer’s phone to a forensics lab to see if he destroyed evidence, according to a report by The Wall Street Journal released Tuesday.According to the report, Smith handed over a phone that contained no text messages, saying “he routinely deletes all texts after sending or receiving them.” The reports state this might violate Ohio open records law and the school’s records-retention policy. Ohio State said, in a statement, the investigative team “conducted a thorough and detailed investigation,” noting that the team interviewed over 40 witnesses, reviewed more than 60,000 documents and 10,000 pages of Meyer’s text messages.“The independent investigative team at Debevoise & Plimpton, the university and the working group of the Board of Trustees all stand by the independent investigation and its conclusions,” Ohio State said via statement.Ohio State fired former wide receivers coach and recruiting coordinator Zach Smith on July 23 after reports of domestic violence was released against his now-ex-wife Courtney Smith. Meyer and Smith were both suspended on Aug. 1 after they “failed to adhere to the precise requirements of their contracts when they concluded that they needed to await a law enforcement determination to file charges before they reported the otherwise disputed claims of spousal abuse against [former assistant coach] Zach Smith.”Meyer, in his first press conference Monday after completing his three-game suspension, addressed the investigative findings that said the Board of Trustees could not determine whether or not the head coach deleted text messages from his phone. Meyer said he “never deleted a text message” and he “never changed a setting on my phone.” Meyer said an unnamed IT person in the Ohio State football program changed a setting to help him with storage capacity, deleting text messages after one year. He also said there were nothing to hide in the next messages that were deleted. According to public records released by the university, Gene Smith said he had no text or email records on his end when asked about a public records request made by The Lantern. The request had asked for emails and texts between Gene Smith and Meyer between the dates of July 18, 2018, and July 24, 2018, as well as between Oct. 25, 2015, and Dec. 1, 2015, as they pertained to wide receiver coach Zach Smith.“Nothing in my end,” Gene Smith wrote in an email on July 25, 2018 to senior associate athletics director Julie VannattaUpdated at 2:29 p.m. with a statement from Ohio State. read more

"Ohio State did not attempt to recover deleted texts from Urban Meyer"