KUALA LUMPUR: Uzma Bhd’s wholly-owned foreign subsidiary, MMSVS Group Holding Co Ltd Thailand has secured a US$10mil contract from companies of PTTEP Group for the provision of hydraulic workover unit (HWU) services.
Uzma Bhd has bagged a contract worth US$10 million (about RM44.01 million) to provide hydraulic workover unit services in Thailand from the PTTEP Group.
Domestic oil and gas activity level is expected to gradually pick up in the coming quarters, with key beneficiaries to include those in the maintenance, construction and modification (MCM) and hook-up and commissioning (HUC) space as well as the brownfield space, said Kenanga Research Wednesday.
In a note Wednesday, the research house said with an anticipated pick up in Petronas’ capital expenditure (capex) going forward, local activity levels are also expected to see some mild recovery
KUALA LUMPUR (March 28): Here is a brief look at some of the corporate announcements and news flow on Monday (March 28), involving Capital A Bhd, MCE Holdings Bhd, Kanger International Bhd, Sapura Energy Bhd, Uzma Bhd, Lim Seong Hai Capital Bhd (LCH Capital), Trive Property Group Bhd, Sime Darby Bhd and IHH Healthcare Bhd.