THE quarterly loss recorded by Dayang Enterprise Holdings Bhd , coupled with the announcement of two corporate exercises over the last week, has not been received well by investors.

This is evident from the 20% fall in the oil and gas (O&G) support services provider’s share price by the end of the week.

On May 17, Dayang announced that it would be undertaking a renounceable rights issue, a private placement, and that it would also be subscribing to a rights issue by its subsidiary, Perdana Petroleum Bhd .

This was made worse when six days later, the group posted a RM4.13mil net loss for the first quarter ended March 31.

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