The Business Times

Kim Heng unit inks MOU for offshore windfarm cable laying projects

Jude Chan

Jude Chan

Published Fri, Jul 1, 2022 · 07:54 PM
    • The MOU will remain in force for a year, and is subject to renewal by mutual agreement.
    • The MOU will remain in force for a year, and is subject to renewal by mutual agreement. AFP

    OFFSHORE marine services contractor Kim Heng announced on Friday (Jul 1) that wholly owned subsidiary Adira Renewables has entered into a non-binding memorandum of understanding (MOU) involving offshore windfarm cable laying installation projects.

    Under the MOU, the Kim Heng unit will cooperate with Crowley Wind Services on the installation projects across the east coast of the US.

    The MOU will remain in force for a year, and is subject to renewal by mutual agreement.

    Shares of Kim Heng closed 1.1 per cent or S$0.001 lower at S$0.091 on Friday, before the announcement.

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