HANDAL RESOURCES BERHAD (“HRB”or “the Company”) Joint Venture Agreement between Handal Offshore Services Sdn Bhd, PT Encona Inti Industri and PT Cakra Daya Energy

HANDAL RESOURCES BERHAD

TypeAnnouncement
SubjectHANDAL RESOURCES BERHAD (“HRB”or “the Company”)
Joint Venture Agreement between Handal Offshore Services Sdn Bhd, PT Encona Inti Industri and PT Cakra Daya Energy
ContentsThe Company had on 18 August 2010 announced that its wholly-owned subsidiary, Handal Offshore Services Sdn Bhd (HOSSB) had entered into a joint operation venture with PT Encona Inti Industri (“Encona”) and PT Cakra Daya Energy (“Cakra”) to provide technical services for crane and lifting equipments operations and maintenance services of up to 200 cranes for the project awarded by Pertamina Hulu Energi ONWJ Ltd (“the Project”) valued at USD3,901,320. Further thereto, HOSSB has on 29th November 2010 entered into a joint venture agreement (“JV Agreement”) with Encona and Cakra incorporating a joint venture company (PT. Handal Intidaya Energy– “PT.HIE”) to undertake the Project.


Announcement Info

Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL    
Date Announced29 Nov 2010  
CategoryGeneral Announcement
Reference NoCA-101129-53648