TH Heavy looks to acquire ICE Petroleum

In a filing with the stock exchange, the group said the MoU with ICE Petroleum Ventures Sdn Bhd was in relation to the acquisition of 12.8 million shares, representing the entire equity interest in ICE Petroleum. (TH Heavy Engineering Bhd (THHE) , Floating Production Storage and Offloading (FPSO) Vessel - Filepic)

PETALING JAYA: TH Heavy Engineering Bhd has entered into a non-binding memorandum of understanding (MoU) to acquire ICE Petroleum Engineering Sdn Bhd.

In a filing with the stock exchange, the group said the MoU with ICE Petroleum Ventures Sdn Bhd was in relation to the acquisition of 12.8 million shares, representing the entire equity interest in ICE Petroleum.