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PETALING JAYA: TH Heavy Engineering Bhd (THHE) has won a contract from Murphy Sarawak Oil Co Ltd worth approximately RM196mil to build the topsides for platforms offshore Bintulu.
PETALING JAYA: Parties linked to banking billionaire Tan Sri Quek Leng Chan have bought a sizeable stake in mid-cap fabricator TH Heavy Engineering Bhd (THHE) through a private placement announced on Monday, sending its stock up a sharp 15% to 53.5 sen.
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE), formerly known as Ramunia Holdings Bhd, is cautiously optimistic of its outlook as the company is awaiting the outcome of tenders worth more than RM2bil.
KUALA LUMPUR: TH Heavy Engineering Bhd’s (THHE) international oil company partner is bidding for a risk service contract (RSC) valued at US$500mil (RM1.55bil), and the results of the bidding process should be made known sometime in July, said chairman Datuk Azizan Abd Rahman.
The Hong Leong Capital buyout saga has thrust certain individuals into the limelight. While those from the Hong Leong Group are well-known in corporate circles, the one low-profile individual Datuk Dr Yu Kuan Chon has this saga to thank for him becoming a big corporate name today. Here are the profiles of the key players:
Shares of TH Heavy Engineering Bhd (THHE) and its warrants rose in active trade on Friday on news reports it planned to reactivate its oil and gas crane manufacturing licence.
Petaling Jaya: TH Heavy Engineering Bhd (THHE), whose stock price has more than doubled since mid-April, is close to winning a significant contract that would likely give it a re-rating of sorts, insiders said.