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Business 31 Aug 2016 | 1:29 AM Premium

Breakfast briefing: Wednesday, August 31

Breakfast briefing: Wednesday, August 31

Business 31 Aug 2016 | 12:00 AM Premium

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 Premium

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 Premium

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 Premium

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 Premium

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 Premium

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 Premium

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 Premium

Fund raising becoming difficult in Malaysia

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