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TH Heavy Engineering is no longer a subsidiary of Lembaga Tabung Haji

TH Heavy Engineering Bhd (THHE) is no longer a subsidiary or affiliate of Lembaga Tabung Haji (TH) in connection with the delayed delivery of an offshore patrol vessel (OPV) belonging to the Malaysian Maritime Enforcement Authority.

In a statement today, TH said the agency’s interest in THHE was fully taken over in 2018 by Urusharta Jamaah Sdn Bhd (UJSB), a subsidiary under the Ministry of Finance.

“UJSB is an asset management company tasked with managing assets transferred from a government-related investment company. I did,” the statement said.

Yesterday, the media reported that Amana Vice President Mujahid Yusof Rawa asked the Public Accounts Commission to investigate the OPV delivery delays to avoid a recurrence of incidents related to the Littoral Combat Vessel project. I reported.

Muhajid argued that the contract was to deliver three OPVs in phases from 2020 by THE, an affiliate of TH, but that has yet to materialize. – Bernama, 3 September 2022.



https://www.themalaysianinsight.com/s/399481 TH Heavy Engineering is no longer a subsidiary of Lembaga Tabung Haji

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