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Maybank to extend RM2b lifeline to TH Heavy Engineering

Friday, February 5, 2016 - 05:50
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Malaysian pilgrim fund-oilfield services provider, TH Heavy Engineering (THHE), is set to receive up to RM2 billion (S$682 million) in cash injection from Maybank as part of an operational and financial restructuring.

Singapore

MALAYSIAN pilgrim fund-oilfield services provider, TH Heavy Engineering (THHE), is set to receive up to RM2 billion (S$682 million) in cash injection from Maybank as part of an operational and financial restructuring.

THHE had failed to turn around its loss-making

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