Translate This Page

Friday, July 12, 2013

TH Heavy Engineering in focus on expectations of licence renewal (STAR)

Reuters reported earlier that THHE was understood to be looking to reactivate its oil and gas crane manufacturing licence and has been in talks Petroliam Nasional Bhd to facilitate this.

O&G Works Sdn Bhd, which is a wholly owned subsidiary of THHE, had an offshore and marine crane manufacturing licence from Petronas which was suspended when the company fell into the cash strapped Practice Note 17 category back in February 2010.

Reuters reported there had been talks between the two parties and that THHE should get the licence reactivated.

No comments: