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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.
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.
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).
The rising tide of bad news