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Thursday, June 16, 2011

Muhibbah dn after Asia Petroleum Hub faces receivership (Edge)

Shares of Muhibbah Engineering Bhd fell in early trade on Thursday, June 16 after Asia Petroleum Hub (APH), the developer and operator of the APH oil terminal in Johor, faced receivership.

As one of the contractors for APH, Muhibbah was awarded the marine piling and jetty works worth RM820 million.

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