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KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) shares fell over 8% in early trade Tuesday following news that its unit has been fined with US$6.22mil by Dubai Court.
KUALA LUMPUR: Petra Energy Bhd, EG Industries Bhd, Hartalega Holdings Bhd and TH Heavy Engineering Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
PETALING JAYA: TH Heavy Engineering Bhd’s (THHE) subsidiary, Floatech (L) Ltd, has received a writ of summons filed by Drydocks World – Dubai LLC on April 23.
SINGAPORE: Offshore marine services provider POSH Semco, controlled by Malaysia’s richest man Robert Kuok, is seeking to list shares in Singapore in a deal worth S$300mil to S$500mil, sources said.
DUBAI: Pacific Carrier Ltd., part of Malaysian tycoon Robert Kuok's empire, will take a 60% to 70% stake in its joint venture with Drydocks World's Southeast Asia business, a source close to the deal said on Wednesday.
PETALING JAYA: Ramunia Holdings Bhd will complete its financial regularisation plan by end-July, said chief executive officer Nor Badli Mohd Alias.
PETALING JAYA: Come Wednesday, shareholders of Ramunia Holdings Bhd will have to vote on significant issues facing the once-troubled company.
OFFSHORE oil and gas fabricator Ramunia Holdings Bhd, which is seeking more jobs from Petroliam Nasional Bhd (Petronas), may be on the path to recovery after clinching a job in March and securing a letter of intent from Sarawak Shell Bhd for jobs worth RM150mil.
PETALING JAYA: Ramunia Holdings Bhd has signed an agreement with Drydocks World-Dubai LLC and NTM Refection II AS for a floating production, storage and offloading (FPSO) deep producer vessel, known as the i>MT Laurita/i>.
DUBAI, United Arab Emirates: Dubai World, the state-run company at the heart of the emirate's credit woes, is looking to protect another of its prized assets as pressure mounts on the debt-saddled company to pay back its lenders.