Stay updated with breaking news from Heavy Engineering Bhd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
KUALA LUMPUR: A lower impairment loss for Malaysia Marine and Heavy Engineering Bhd (MMHE) in the financial year ended Dec 31, 2021, resulted in a narrower net loss of RM270.41mil compared to a net loss of RM396.8mil in the year before.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Bhd (MMHE) is cautious over its prospects as the current operating landscape remains uncertain amid the Covid-19 pandemic and rising commodities prices.
KUALA LUMPUR (March 8): E.A. Technique (M) Bhd said today that it has reached a US$25.5 million settlement (RM104.74 million) with Malaysia Marine and Heavy Engineering Bhd (MHB) over their dispute concerning a 2015 floating storage and offloading (FSO) conversion project. EA Technique had in November 2020 lost the arbitration and was instructed by the Arbitration Tribunal to pay MHB US$29.52 million (RM121.93 million at the time), and costs of RM4.69 million with interest. Today, EA Technique said in a bourse filing that it has executed a settlement agreement with MHB, where the latter accep...