<div class=newsTextDataWrapInner>KUALA LUMPUR (Feb 19): TH Heavy Engineering Bhd (THHE) jumped 11.11% in early trade this morning on seeing itself a step closer towards resolving its financial difficulties, as its plan to novate its contract with JX Nippon Oil &amp; Gas Exploration (M) Ltd makes progress.</div>

<div class=newsTextDataWrapInner>At 9.15am, THHE rose 1 sen to 10 sen with 2.05 million shares traded.</div>

<div class=newsTextDataWrapInner>THHE of Feb 15 secured 100% approval from its shareholders to novate the floating, production, storage, offloading (FPSO) facility charter contract with JX Nippon at the Layang gas field in Bintulu to Yinson Holdings Bhd for RM374 million.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The contract novation is a critical component in THHE's scheme of arrangement with its creditors. THHE will use 94.33% or RM352.8 million from the proceeds of the novation agreement to pay its scheme creditors, which will reduce the outstanding settlement sum to RM211.2 million.</div>

KUALA LUMPUR (Feb 19): TH Heavy Engineering Bhd (THHE) jumped 11.11% in early trade this morning on seeing itself a step closer towards resolving its financial difficulties, as its plan to novate its contract with JX Nippon Oil & Gas Exploration (M) Ltd makes progress.

At 9.15am, TH...

TH Heavy Engineering jumps 11.11% on stepping closer to resolving financial woes 

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Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

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Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

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The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

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PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

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Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.