Malaysia Marine & Heavy Engineering Holdings (MHB)

On March 18, 2014, Malaysia Marine was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Malaysia Marine remains on the SBA list of prohibited investments. 

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In 2020, the U.S. state of Mississippi listed Malaysia Marine on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.

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As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list MHB on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector.” 

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On January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. MHB is included on this list
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As of December 31, 2019, the Alaska Retirement Management Board lists MHB as a company doing material business with Iran.  

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Malaysia Marine is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.

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Malaysia Marine & Heavy Engineering is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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On March 13, 2019, the Mississippi Department of Finance & Administration identified MHB as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.”  

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Malaysia Marine & Heavy Engineering is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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In 2017 the U.S. state of Alaska, Florida, Texas listed Malaysia Marine & Heavy Engineering on its list of companies doing material business with Iran rendering Malaysia Marine & Heavy Engineering ineligible for investment and/or state contracting.

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In 2018 the U.S. state of Ohio listed Malaysia Marine & Heavy Engineering as an Iran restricted company rendering Malaysia Marine & Heavy Engineering  ineligible for investment and/or state contracting.

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In 2014, 2015, 2016 and 2017 Malaysia Marine was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code.