KUALA LUMPUR - TH Heavy Engineering Bhd shares on Bursa Malaysia traded one sen better at 47.5 sen as at 11.34 am today after its unit reportedly secured a RM90 million Petronas contract for the East Java project.
Trading saw 10.856 million lots changing hands.
It was reported that TH Heavy's 30 per cent-owned unit, Berlian McDermott Sdn Bhd, had secured the contract for transportation, installation and pre-commissioning works from Petronas' state-controlled unit, PC Kelapang II Ltd.
The contract is expected to be completed by the end of first quarter 2015.
Source: Bernama
