TH Heavy Engineering Berhad - Letter Of Award From Lundin Malaysia B.V.

abarrelfullabarrelfull wrote on 14 Feb 2014 12:31
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12 November 2013

The Board of Directors of TH Heavy Engineering Berhad ("THHE”) is pleased to announce that its wholly owned subsidiary, THHE Fabricators Sdn. Bhd. (“TFSB” or "the Company") has received a Letter of Award from Lundin Malaysia B.V. (“Lundin”) dated 4 November 2013 for the fabrication of Wellhead Platform (WHP) in relation to the PM307 Bertam Field Development Project.

Under the Contract, the Company is to undertake the Fabrication of Wellhead Platform (WHP) for the Bertam Field Development Project located at Block PM307, approximately 175 kilometers off the east coast of Peninsular Malaysia. It is a one-off contract and the scheduled completion date for the contract shall be approximately 12 months.

The Contract is expected to contribute positively to the earnings and net assets per share of THHE for the financial year ending 31 December 2013 and 2014 respectively.


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