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PETALING JAYA: TH Heavy Engineering Bhd (THHE) has won a contract for the provision of engineering, procurement, construction, installation and commissioning (EPCIC) and leasing of its floating production storage and offloading (FPSO) vessel, a deal that could be worth up to RM2.67bil.
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) shares fell over 8% in early trade Tuesday following news that its unit has been fined with US$6.22mil by Dubai Court.
The rising tide of bad news
PETALING JAYA: TH Heavy Engineering Bhd (THHE) will extend its fullest cooperation to the Malaysian Anti-Corruption Commission in its investigation relating to its former chief executive officer, who left the company on June 30 last year.
KUALA LUMPUR: JF Apex Research expects SapuraKencana Petroleum, Malaysia Airlines (MAS), TH Heavy Engineering and Perisai Petroleum to see trading interest on Friday following the strong corporate newsflow.
No conclusion yet on plan to acquire ICE Petroleum
KUALA LUMPUR: Shareholders of TH Heavy Engineering Bhd (THHE) have been advised to vote in favour to exempt Urusharta Jamaah Sdn Bhd (UJSB) from undertaking a mandatory takeover offer.
Petaling Jaya: TH Heavy Engineering Bhd (THHE), whose stock price has more than doubled since mid-April, is close to winning a significant contract that would likely give it a re-rating of sorts, insiders said.
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) and US engineering, procurement, construction and installation (EPCI) company McDermott International Inc are parting ways after a three-year partnership.
KUALA LUMPUR: TH Heavy Engineering Bhd’s (THHE) international oil company partner is bidding for a risk service contract (RSC) valued at US$500mil (RM1.55bil), and the results of the bidding process should be made known sometime in July, said chairman Datuk Azizan Abd Rahman.