Under the contract, CMEC will build a 110MW combined-cycle power plant in Bintulu, the company said in a stock exchange filing. – AFX-Asia
The acquisition, when completed, would be Reliance's second international acquisition in the polyester sector after the successful takeover of Trevira in Germany in 2004, Hualon receivers Ernst & Young Malaysia said in a statement. – Bernama
In a statement to Bursa Malaysia, Tanjung Offshore said the contract was for a primary duration of one year, effective September next year, with an option to extend for another year. The vessel would be used to carry out well cleaning and testing, the statement said.
Tanjung Offshore expects the contract to contribute positively to its earnings and net assets for the financial year ending Dec 31, 2008 and beyond.