December 26, 2014 10:13 AM ET

Company Overview of Handal Offshore Services Sdn Bhd

Company Overview

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Malaysia

Founded in 2001

Key Executives for Handal Offshore Services Sdn Bhd

Handal Offshore Services Sdn Bhd does not have any Key Executives recorded.

Handal Offshore Services Sdn Bhd Key Developments

Handal Offshore Services Sdn. Bhd. Wins MYR 6,346,339.00 Contract

Handal Offshore Services Sdn. Bhd. has on 3 November 2014 accepted the letter of award dated 10 September 2014 from Sarawak Shell Berhad on the Design, Supply and Delivery of Pedestal Crane for E6 Field Development Project. Contract’s effective date is on 10 September 2014 for a duration of 1 year at contract price of MYR 6,346,339.00 only. The contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group for the financial year ending 31 December 2014 and 2015. The risks associated with the Contract are normal operational risks which can be mitigated through HRB system of project management and internal business controls. None of the Directors or major shareholders of HRB or persons connected to them have any interest, direct or indirect, in the contract. This announcement is dated 3 November 2014.

Handal Offshore Services Sdn Bhd Receives Contract

Handal Resources Berhad announced that Handal Offshore Services Sdn Bhd has received a Letter of Award from UMW Petrodril (Malaysia) Sdn. Bhd. for HOSSB to provide Portable Platform Crane for UMW Petrodril (Malaysia) Sdn. Bhd. The contract effective date will commence in the month of March 2014 for a duration of two years at approximate value of MYR 16 Million only. The contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group for the financial year ending 31 December 2014.

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