THHE wins Petronas construction contract

Kuala Lumpur: TH Heavy Engineering (THE) has received a letter of award from Petronas Carigali for the procurement, construction and commissioning (PCC) of KNPG-B Topside PH II, Kinabalu non-associated gas (NAG) development project in offshore Sabah. The one-off contract should take 18 months to complete.
“The contract is expected to contribute positively to the earnings and net assets per share of THHE for the financial year ending 31 December 2014 and 31 December 2015,” the company said in a release.  [06/02/14]

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