Malaysia Marine and Heavy Engineering Holdings Berhad (abbreviated MHB: myx: 5186) is a Malaysian owned shipbuilding and heavy engineering industries company. It was formerly known as Malaysia Shipyard and Engineering Sdn Bhd. MHB has been long involved in oil and gas engineering and construction works.[1]
In March 2004, Malaysia International Shipping Corporation Bhd (MISC) increased its shareholding in MMHE to 65%, making it the majority shareholder of the company.
History
MHB was incorporated in Malaysia in 1989 as a private limited company, under the name MSE Holdings Sdn Bhd. In June 2010, when MSE Holdings was upgraded into a public company, its name was changed to Malaysia Marine and Heavy Engineering Holdings Berhad (MHB).
On 29 October 2010, MHB was successfully listed on the Main Market of Bursa Malaysia Securities Berhad, with its initial public offering (IPO) raising of RM2.03 billion. The IPO was the first in Malaysia to be conducted with an international strategic investor, Technip S.A. of France, a renowned player in project management, engineering and construction in the oil and gas industry.
The history of MHB dates back to the incorporation of its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) in May 1973, under the name of Malaysia Shipyard and Engineering Sdn Bhd (MSE).