THHE exited the dreaded PN17 category after a regularisation plan that involved the buying of the FPSO vessel called Deep Producer 1 (seen here) and its strategically located Pulau Indah Yard in Selangor.

CEO confident company can resolve funding and cash flow issues

THE future of cash-strapped TH Heavy Engineering Bhd (THHE) has come under the radar following concerns that it may not be able to deliver the anchor production facility for Japan’s JX Nippon-operated Layang field development - a project touted to take it out of its flagging fortunes.

The 30%-owned Lembaga Tabung Haji (LTH) company is in a financial bind, where analysts say its current cash flows are unable to service debt, and in an environment of weak oil prices, access to financing or the lack of it is another hurdle.

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