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KUALA LUMPUR: Former chief executive officer of TH Heavy Engineering Bhd Datuk Nor Badli Munawir Mohamad Alias Latfi has claimed trial in two Sessions Court here and Shah Alam to five counts of involvement in money-laundering amounting to RM2.57mil four years ago.
KUALA LUMPUR: BIMB Holdings Bhd’s share price fell to a low of RM4.35 on Friday on growing worries about financial companies’ exposure to the troubled oil and gas (O&G) companies with debt problems.
KUALA LUMPUR: Loss-making TH Heavy Engineering Bhd has been given more time by the High Court to finalise a rescue plan with its creditors and it has eight months to submit its regularisation plan.
PETALING JAYA: Shares of loss-making TH Heavy Engineering Bhd (THHE) attracted trading interest early on Friday over talk that bigger rival Yinson Holdings Bhd may offer a lifeline for some of the former’s assets, including the Layang oil and gas field off Sarawak that is reportedly at a standstill.
PETALING JAYA: Yinson Holdings Bhd has clarified that it is still currently in talks with Japan’s JX Nippon Oil & Gas Exploration (Malaysia) Ltd and TH Heavy Engineering Bhd (THHE), in regards to Yinson taking over the floating production, storage, and offloading (FPSO) vessel charter for JX Nippon.
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) and its subsidiaries have been ordered by the court to propose a scheme of arrangement to their secured and unsecured scheme creditors within 60 days at separate meetings.
PETALING JAYA: TH Heavy Engineering Bhd (THHE) and its subsidiaries have been ordered by the court to propose a scheme of arrangement to their secured and unsecured scheme creditors within 60 days at separate meetings.