KUALA LUMPUR: Shares in Handal Energy Bhd
rose over 8% in early trade after announcing a new contract from Mubadala Petroleum’s entity MDC Oil & Gas Ltd.
The offshore crane operator 8.11%, or two sen to 20 sen. Year-to-date, the counter has fallen some 36%.
Handal said the new contract is for the provision of offshore pedestal crane maintenance services and spare parts.
It said the four-year contract was awarded by the Abu Dhabi-based company to its wholly-owned subsidiary Handal Cranes Sdn Bhd.
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