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Business 31 Aug 2016 | 12:00 AM

New CEO to take TH Heavy in different direction

PETALING JAYA: TH Heavy Engineering Bhd (THHE)’s new chief executive Suhaimi Badrul Jamil, whose appointment will take effect tomorrow, is expected to set a fresh direction for the loss-making offshore fabrication and marine services company.

Business 30 Jul 2016 | 12:00 AM

Short position: TH Heavy, Gamuda and Genting

OVER a span of about two weeks, shares of loss-making TH Heavy Engineering Bhd (THHE) have shot up close to 240% on talk that it was poised to secure a sizeable contract making it one of the biggest gainers on Bursa Malaysia during that period.

Business 29 Jul 2016 | 12:00 AM

TH Heavy receives letter of intent from MMEA

PETALING JAYA: Loss-making TH Heavy Engineering Bhd (THHE), whose share price surged more than 200% in the past two weeks, has received a non-binding letter of intent from the Malaysian Maritime Enforcement Agency (MMEA) to supply three offshore patrol boats.

Business 27 Jul 2016 | 12:00 AM

LTH not selling TRX land

PETALING JAYA: Lembaga Tabung Haji (LTH) has said that it will not sell the RM188.5mil Tun Razak Exchange (TRX) land it had bought from 1Malaysia Development Bhd (1MDB).

Business 16 Jul 2016 | 12:00 AM

TH Heavy determined to move forward

THE future of cash-strapped TH Heavy Engineering Bhd (THHE) has come under the radar following concerns that it may not be able to deliver the anchor production facility for Japan’s JX Nippon-operated Layang field development - a project touted to take it out of its flagging fortunes.

Business 11 Jul 2016 | 12:00 AM

TH Heavy pressure

PETALING JAYA: Loss-making TH Heavy Engineering Bhd (THHE), which was served with winding-up petitions from three parties for aggregate claims of RM38mil in the past week, may need to recapitalise its balance sheet if it is unable to resolve its cash flow woes.

Markets 08 Jul 2016 | 1:58 AM

TH Heavy tumbles to record low after winding-up bids

KUALA LUMPUR: Shares of TH Heavy Engineering Bhd (THHE) fell to a record low of 6.5 sen in early Friday trade after it was served with two winding-up petitions from its creditors for a collective sum of US$8.88mil (RM35.6mil).

Business 20 Jun 2016 | 12:00 AM

Fund raising becoming difficult in Malaysia

PETALING JAYA: Fund raising is becoming increasingly difficult in the current market environment.

AseanPlus News 03 Jun 2016 | 12:00 AM

Hardliners to protest 1965 apology at the Palace

Jakarta: Hardline Islamic groups and a number of retired army generals plan to hold a rally in front of the State Palace to protest the government’s efforts to bring about reconciliation for the victims of the 1965 tragedy.