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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 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 31 Aug 2016 | 1:29 AM Premium

Breakfast briefing: Wednesday, August 31

Breakfast briefing: Wednesday, August 31

Corporate News 23 Sep 2016 | 2:28 PM Premium

TH Heavy Engineering and McDermott go separate ways

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.

Corporate News 11 Oct 2016 | 10:40 AM Premium

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.

Markets 12 Oct 2016 | 12:00 AM Premium

TH Heavy seeks to extend maturity date of debt papers

PETALING JAYA: In yet another sign of troubling times faced by oil and gas companies, TH Heavy Engineering Bhd (THHE) has sought to extend the maturity date of its debt papers by one year.

Business 15 Oct 2016 | 12:00 AM Premium

Focus shifts to THHE sukuk

AFTER bondholders rejected Perisai Petroleum Teknologi Bhd’s debt restructuring plan early this month, all eyes are now on cash-strapped TH Heavy Engineering Bhd (THHE). The oil and gas (O&G) fabricator, which has been hit by dwindling revenues since the fallout from the oil price crash, early this week sought to extend the maturity date of its debt papers by one year, from Sept 30, 2016 to Sept 29, 2017.

Business 28 Oct 2016 | 12:00 AM Premium

Destini, THHE in JV for offshore patrol vessel job

PETALING JAYA: Destini Bhd and TH Heavy Engineering Bhd have entered into a joint venture to procure the award of contract for the supply, delivery, testing and commissioning of three units of approximately 80-metre offshore patrol vessels (OPV).

Corporate News 28 Oct 2016 | 12:43 AM Premium

Trading ideas: UMW OG, Sasbadi, Perisai, TH Heavy, Destini

KUALA LUMPUR:UMW Oil & Gas, Sasbadi, Perisai Petroleum, TH Heavy Engineering (THHE) and Destini are among the stocks which could see trading action on Friday after their corporate news, says JF Apex Research.

Business 11 Nov 2016 | 12:00 AM Premium

THHE Offshore gets winding-up petition

PETALING JAYA: Oil and gas fabricator TH Heavy Engineering Bhd’s (THHE) 70%-owned subsidiary – THHE Offshore Services Sdn Bhd – has received a winding-up petition from the Kuala Lumpur High Court.