Thursday, December 8, 2011

BHIC advances in early trade

KUALA LUMPUR (Dec 8): Shares of BOUSTEAD HEAVY INDUSTRIES CORP []oration Bhd(BHIC) rose in early trade on Thursday after announced that its subsidiary BHIC AeroServices (BHICAS) Sdn Bhd had been awarded the certification by Directorate General Technical Airworthiness of the Malaysian Armed Forces, which is the Malaysian technical airworthiness authority.

At 9.45am, BHIC gained 20 sen to RM3.06 with 409,000 shares traded.

The AMO certification is for the maintainance, repair & overhaul (MRO) of Eurocopter AS555SN Fennec helicopters, it said.

BHICAS is a joint venture between BHIC Defence Technologies Sdn Bhd, a wholly-owned subsidiary of Boustead Penang Shipyard Sdn Bhd, Prestige Pillar Sdn Bhd and Eurocopter Malaysia Sdn Bhd, a wholly-owned subsidiary of Eurocopter.

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