In line with this THHE is allocating MYR90m in capital expenditure for its yard operations and between $230m and $250m for its floating production and storage offloading (FPSO) segment, likely to be raised through the capital markets. The company is looking at various structures to achieve the best result probably looking at Islamic instruments first, Azizan added.
“There are various options that we are looking at. We are still toying about the best capital-raising exercise and the route we want to undertake because there will be options to go the shareholders or other financial markets,” he said.
THHE has an order book of close to MYR300m that will keep the group busy till mid-2015, said md and ceo Nor Badli Mohd Alias. The company is currently bidding for six fabrication projects worth RM3bn.
“But between now and the end of the year, we are actively tendering. We are quite hopeful that we will be successful in some of these tenders,” Nor Badli said.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
