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THHE wins first FPSO contract in RM2.9bil deal
PETALING JAYA: TH Heavy Engineering Bhd (THHE) has finally secured a contract for its floating production, storage and offloading vessel (FPSO) with Japan’s JX Nippon Oil & Gas Exploration in a deal worth US$900mil (RM2.9bil), sources said.
THHE-Destini JV wins RM739mil contract
PETALING JAYA: THHE Destini Sdn Bhd, a joint venture between offshore oil and gas facility fabricator TH Heavy Engineering Bhd (THHE) and Destini Bhd, has been awarded a contract worth RM738.90mil from the Government to build three offshore patrol vessels complete with fitting and accessories for the Malaysian Maritime Enforcement Agency.
THHE reveals that former CEO is under MACC’s investigation
KUALA LUMPUR: TH Heavy Engineering (THHE) said it will extend its fullest cooperation to the Malaysian Anti-Corruption Commission (MACC) in the investigation relating to its former chief executive officer, Datuk Nor Badli Munawir Mohamad Alias Lafti.
THHE plans private placement
PETALING JAYA: TH Heavy Engineering Bhd (THHE) has proposed to undertake a private placement of up to 10% of its shares, or 125.8 million shares, expecting to raise gross proceeds of RM100.6mil based on an indicative issue price of 80 sen per share.
THHE postpones RM170mil sukuk’s maturity date by a year
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) has extended the maturity period of its non-rated sukuk murabahah of RM170mil, which was originally due on Sept 30, 2016, by one year.
THHE in JVs with McDermott
PETALING JAYA: TH Heavy Engineering Bhd (THHE) has formalised several joint ventures with its American partner McDermott International, Inc.
THHE unit gets letter of award
KUALA LUMPUR: THHE Fabricators Sdn Bhd, a subsidiary of TH Heavy Engineering Bhd, has received a Letter of Award from Lundin Malaysia B.V. to undertake the fabrication of wellhead platform (WHP) for the Bertam Field Development project.
Globalmariner sues THHE for RM74.8mil
PETALING JAYA: TH Heavy Engineering Bhd (THHE) has received a writ of summons together with a statement of claim for RM74.8mil by Globalmariner Offshore Services Sdn Bhd.
THHE gets arbitration notice from CISB
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) has received a notice of arbitration from Coral Intoil Sdn Bhd (CISB) over claims that it had failed to provide the required funding to a joint venture (JV) company set up to bid for and undertake hook-up and commissioning jobs.
THHE holders advised to vote in favour of exempting UJSB from doing MGO
KUALA LUMPUR: Shareholders of TH Heavy Engineering Bhd (THHE) have been advised to vote in favour of exempting Urusharta Jamaah Sdn Bhd (UJSB) from undertaking a mandatory takeover offer.
