dah berkali-kali bagi tahu. Kau ingt aku ni cap ayam ke?
Bro, kau kene check fakta kau 100x kali taw. make sure betul2 SAHIH dlu. baru cakap sini.
SAHIH tu taw ke apa? hahaha jgn buat malu pulak. Melayu x fasih, English x fasih. abis aku nk ckp bahasa apa? bahasa monyet ke baru Huang faham ni? hahaha

DatoT20 Penipu! PNB holding 28.26% ONLY!

Penipu! Penipu!

Rupanya, Huang tak habis belajar tadika. Dia tak faham Ordinary shares & Preference shares.

Cakap omputih dia x paham, xpe aku cakap melayu. Malaysian kan? xkan x faham Melayu? ke pelat lagi?

PNB tu 28% tu ordinary shares ye Huang. Balance 12% tu preference shares. Nanti....PNB boleh convert jadi Ordinary shares ye.

Paham tak ni? ke tak? hahaha

Huang shivering in a closet bila kantoi busuk dia tak tahu baca! haha
laju je nak tuduh aku penipu hahaha. oi pergi sekolah dlu! tadika dah habis ke belum? haha

TAK MALU KE HARI-HARI TUNJUK DIRI SENDIRI BOD**? huanghuanghuang.....

#AkuYangBeliKauYangPanas
#DahKenapa

HAHAHAHAHAAHAHAHAHAHAH Busted again?
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
________________________________________________________________
Huangbk72

Busted again... fake Nahtuk lies again...

Stumbled upon this news by TheEdge.. Article on March 2023, disclosed PNB holding 28.26% in SAP.

https://www.theedgemarkets.com/node/658901 ( Proven shareholding changed since July 2022)

Our blurred Nahtuk had the cheek to comment as below:

Again.. If dun know, dont post... easy to fact check everything you said.

Tomorrow more info will be added to the battalion of 6 websites showing changes in PNB/ASB holdings in SAP

According to an article from The Edge in March 2023: "Permodalan Nasional Bhd is currently the single largest shareholder of the group with a 28.26% stake, or 4.5 billion shares. The state-owned fund management company also holds the majority of the O&G player’s Islamic redeemable convertible preference shares (RCPS-i) of 2.35 billion units, or more than 98%, that it subscribed for in 2018."

I always remind you, if you want to engage with me, please check your facts and level of education. This is what happens when you're IGNORANT.

DO YOU UNDERSTAND OR NOT WHAT U READ? From the article, it clearly states that PNB holds 4.5 billion ORDINARY SHARES, which is 28.26%, and the remaining shares are 2.35 billion PREFERENCE SHARES. (4.5 + 2.35 = 6.85 Billion SHARES)

The total PNB holding in Sapura is 6 billion shares (ordinary + preference) which equals a 40% holding! NOT 28.26%!!! HAHAHAAHAH I thought I didn't have to explain this simple thing to you, HUANG

PNB hold 40%
9 MAY 2023
https://www.freemalaysiatoday.com/category/nation/2023/05/09/sapura-energy-mhb-merger-on-the-cards/

I am tired of having to correct you every day, HUANG. Why do you continue to embarrass yourself every day? First, you said that PNB only held 0.16%, then you claimed they held 28.26%. Let me educate you.

According to an article from The Edge in March 2023: "Permodalan Nasional Bhd is currently the single largest shareholder of the group with a 28.26% stake, or 4.5 billion shares. The state-owned fund management company also holds the majority of the O&G player’s Islamic redeemable convertible preference shares (RCPS-i) of 2.35 billion units, or more than 98%, that it subscribed for in 2018."

I always remind you, if you want to engage with me, please check your facts and level of education. This is what happens when you're IGNORANT.

DO YOU UNDERSTAND OR NOT WHAT U READ? From the article, it clearly states that PNB holds 4.5 billion ORDINARY SHARES, which is 28.26%, and the remaining shares are 2.35 billion PREFERENCE SHARES. (4.5 + 2.35 = 6.85 Billion SHARES)

The total PNB holding in Sapura is 6 billion shares (ordinary + preference) which equals a 40% holding! NOT 28.26%!!! HAHAHAAHAH I thought I didn't have to explain this simple thing to you, HUANG. It is clear that you don't understand what you read and simply call me a liar.

The total PNB holding in Sapura is 6 billion shares (ordinary + preference) which equals a 40% holding! NOT 28.26%!!!

TAK MALU KE HARI-HARI TUNJUK DIRI SENDIRI BOD**?
BACA LA BETUL-BETUL ARTICLE TU HUANG. TAK MALU KE? KESIAN BACA PUN TAK TAHU!
_________________________________________________________________
Huangbk72

Busted again... fake Nahtuk lies again...

Stumbled upon this news by TheEdge.. Article on March 2023, disclosed PNB holding 28.26% in SAP.

https://www.theedgemarkets.com/node/658901 ( Proven shareholding changed since July 2022)

Our blurred Nahtuk had the cheek to comment as below:

Again.. If dun know, dont post... easy to fact check everything you said.

Tomorrow more info will be added to the battalion of 6 websites showing changes in PNB/ASB holdings in SAP

PERGI SEKOLAH LAGI, BELAJAR BACA HUANG oiii....

HAHAHAHAHAHAHAHAHAHAHA HAUK PUNYA HUANG

If anyone has a different perspective, please feel free to share it with me. Shareholders of Sapura Energy are welcome to engage with me and contribute to a positive discussion in this forum.
Let's not pay attention to the B40Haters of Sapura. I will not tolerate any troll comments and remember to use OUR hashtag #AkuYangBeliKauYangPanas #DahKenapa.

So how much is 200-300 million barrels of oil worth?
As of May 11th, 2023, the price of oil is around $72 per barrel.

a) If we assume a conservative estimate of 200 million barrels, and SAPURA OMV owns 30% of the Kan exploration prospect, the total value of the oil discovery would be around $4.32 billion or approximately RM 18.2 billion.

b) If we assume a more optimistic estimate of 300 million barrels, SAPURA OMV's share would be around $6.48 billion or approximately RM 27.3 billion.

SapuraOMV announced in a Bursa Malaysia that drilling began in October 2022, and the target reservoir was successfully reached in January 2023.

On February 15, 2023, Sapura Energy received a formal letter from a white knight expressing support for its restructuring efforts to preserve the Malaysian oil and gas (O&G) industry.

The discovery of 200-300 million barrels of oil is a significant find, and it is likely that White Knight is aware of its importance.

https://www.thestar.com.my/business/business-news/2023/04/27/sapuraomv-partners-announce-oil-discovery-in-mexico

It is possible that the recent oil discovery made by Sapura Energy's partner Wintershall Dea in offshore Mexico's Block 30 could be a factor that influenced WhiteKnight's decision to save Sapura Energy.

The discovery, which may contain 200 to 300 million barrels of oil equivalent, is a significant milestone for the consortium and could potentially lead to increased revenue for Sapura Energy.

Sapura Energy's involvement in this consortium could bring in more contracts and projects related to the development of Block 30. This could lead to increased revenue for the company in the long term.

Furthermore, the discovery reinforces the attractiveness of Sapura Energy's license portfolio, which could make the company a more appealing investment opportunity for potential investors like WhiteKnight.

Disclaimer: The following writing represents my personal opinion as a shareholder of SAPURA Energy. The content is derived from the company's official announcements, market news, rumors, and gossip circulating in the market.

Sapura Energy, a leading oil and gas company in Malaysia, has been facing financial troubles for some time now. However, there is hope for the company in the form of a WhiteKnight (QATAR ENERGY) investor who is willing to invest in the company subject to the agreement of the schemes with the MCF financiers. Here are some reasons why it would make sense for a WhiteKnight to buy Sapura Energy:

1) Sapura Energy is undervalued: With a current valuation of only RM500 million, Sapura Energy is one of the cheapest assets in the world. This presents a great opportunity for a WhiteKnight (QATAR ENERGY) to acquire a company with significant potential at a very reasonable price.

2) Sapura Energy has valuable oil and gas reserves: Despite its financial troubles, Sapura Energy has billions of dollars in oil and gas reserves. This means that a WhiteKnight (QATAR ENERGY) can acquire a company with a substantial amount of valuable resources that can be developed and monetized over time.

3) Sapura Energy has technical expertise and experience: Sapura Energy has been operating in the oil and gas industry for over four decades, and has established itself as a leading player in the market. The company has valuable technical expertise and experience that can be leveraged by a WhiteKnight (QATAR ENERGY) to further enhance its operations.

For example, a WhiteKnight (QATAR ENERGY) could use Sapura Energy's expertise in offshore drilling to expand its own operations, or tap into the company's experience in the exploration and production of oil and gas to improve its own processes. Additionally, Sapura Energy's extensive network of partnerships and relationships within the industry can provide a WhiteKnight with valuable opportunities for growth and expansion.

Overall, the acquisition of Sapura Energy by a WhiteKnight (QATAR ENERGY) makes a lot of sense, given the company's undervaluation, valuable oil and gas reserves, and technical expertise and experience. It presents a great opportunity for a strategic investor to acquire a quality asset at a very reasonable price, with the potential for substantial long-term returns

#AkuYangBeliKauYangPanas
#DahKenapa

Sweetkeledek:

Thank you. I am glad that you found my sharing helpful. I always appreciate hearing different perspectives and sharing knowledge. It's unfortunate that some people prefer to trolling when they don't have any factual or accurate information to share.

The rest of SAPURA shareholders, let's continue to focus on productive conversations.

#AkuYangBeliKauYangPanas
#LetsFightForSAPURA
#LetsFightScammers
#TakBeliSharePunTapiPanasDahKenapa

Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927

What is Proof of Debt exercise?
The Proof of Debt exercise represents the final amount that the vendors have agreed with Sapura Energy and submitted to the court. Prior to this exercise, Sapura Energy negotiated with the vendors to determine the terms and final amount owed. Initially, the debt was at RM5 billion, but through negotiations, it was reduced to RM1.5 billion. Once both parties agreed on the RM1.5 billion amount, they proceeded with the Proof of Debt exercise in court.

Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.

Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.

Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.

Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.

#AkuYangBeliKauYangPanas
#LetsFightForSAPURA
#LetsFightScammers
#TakBeliSharePunTapiPanasDahKenapa

The Proof of Debt exercise represents the final amount that the vendors have agreed with Sapura Energy and submitted to the court. Prior to this exercise, Sapura Energy negotiated with the vendors to determine the terms and final amount owed. Initially, the debt was at RM5 billion, but through negotiations, it was reduced to RM1.5 billion.

Once both parties agreed on the RM1.5 billion amount, they proceeded with the Proof of Debt exercise in court.

KAU X PAYAH SEMBANG, KAU PUNYA TOP 10 SHAREHOLDERS PUN SALAH.
PNB HOLD 0.16%? hahahahahahaha puiii..

Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927

Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.

Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.

Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.

Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.

#AkuYangBeliKauYangPanas
#LetsFightForSAPURA
#LetsFightScammers
#TakBeliSharePunTapiPanasDahKenapa

#AkuYangBeliKauYangPanas
#DahKenapa

Before vendors agreed to a haircut, some people expressed skepticism, saying things like, "No way! Nobody in their right mind will accept a haircut. What's the point? Just wind up the company and pay the creditors."

Now that vendors have agreed to a haircut from 5 billion to 1.5 billion, some of those same people are changing their tune and saying things like, "I never said they wouldn't take a haircut. Even with a haircut, the debt will keep growing."

HAHAHAHAHAHAHAHAHAHAHAHA.

SUDAH LA.

#AkuYangBeliKauYangPanas
#DahKenapa

Extending the deadline is a good move to finalize everything. The fact that vendors have agreed to take a haircut from RM5 billion to RM1.5 billion is fantastic news - I didn't expect the haircut to be this significant.

Now, the only thing left is to negotiate with the bankers on how much to bring the RM10 billion down to - RM7 billion, RM5 billion, RM3 billion, or RM1 billion?
Perhaps longer payment terms could be discussed as well.

#AkuYangBeliKauYangPanas
#DahKenapa

Haters in SAPURA forum said that creditors will never take a haircut is a joke. This recent development serves as proof that what I have been saying for the past few months is true - creditors are willing to accept a haircut.
Rm5 bil down to Rm1.5 bil
Next RM10 bil.....

#AkuYangBeliKauYangPanas

Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927

Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.

Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.

Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.

Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.

#AkuYangBeliKauYangPanas
#DahKenapa

Extending the deadline is a good move to finalize everything. The fact that vendors have agreed to take a haircut from RM5 billion to RM1.5 billion is fantastic news - I didn't expect the haircut to be this significant.

Now, the only thing left is to negotiate with the bankers on how much to bring the RM10 billion down to - RM7 billion, RM5 billion, RM3 billion, or RM1 billion?
Perhaps longer payment terms could be discussed as well.

#AkuYangBeliKauYangPanas
#DahKenapa

#AkuYangBeliKauYangPanas

Haters in SAPURA forum said that creditors will never take a haircut is a joke. This recent development serves as proof that what I have been saying for the past few months is true - creditors are willing to accept a haircut.
Rm5 bil down to Rm1.5 bil
Next RM10 bil.....

#AkuYangBeliKauYangPanas

Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors.

Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.

Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.

Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.

Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.

#AkuYangBeliKauYangPanas
#DahKenapa

Just to clarify, what is your stance on this? Do you believe that PNB only holds 0.16% of Sapura Energy? Honestly. Do u?

understand that you may not be aware of the correct website to obtain information.
Please allow me to assist you. You can access this information for free on the Bursa Malaysia website.

https://www.bursamalaysia.com/market_information/announcements/company_announcement

Simply select "Sapura Energy" under the "Category" tab
and choose "Changes in share holdings"
to view all the transactions made by substantial shareholders (holding more than 5% of the shares). and insiders

You're welcome

This is not a story for kindergarten children. It is common knowledge that shareholder filing dates are not updated daily, but only when there are business transactions such as buying or selling. This is widely understood by everyone except for you. I suggest you seek proper education on the matter.

It's difficult to explain things to someone who lacks education. I've already explained to you multiple times that the shareholder filing date only occurs when they conduct business transactions. The last time PNB/ASB fund bought SAPURA was in July 2022, and they haven't done anything since then. I've even shared a news link about this and provided a screenshot from Bloomberg as proof. If you still can't understand such basic things, then I'm afraid I won't be able to help you any further.

understand that you may not be aware of the correct website to obtain information.
Please allow me to assist you. You can access this information for free on the Bursa Malaysia website.

https://www.bursamalaysia.com/market_information/announcements/company_announcement

Simply select "Sapura Energy" under the "Category" tab
and choose "Changes in share holdings"
to view all the transactions made by substantial shareholders (holding more than 5% of the shares). and insiders

You're welcome

Sometimes your st*p*d*ty is beyond my imagination. I could laugh all day long when reminded how st*pid you are for saying that PNB only holds 0.16%.

The worst part is that you are so confident and naive in telling everyone in this forum!
HAHAHAHAHA

Oh wait! Please don't say BURSA MALAYSIA website is outdated. and you only want to see 2023 Data! HAAHHAHAHAHA

I understand that you may not be aware of the correct website to obtain information.
Please allow me to assist you. You can access this information for free on the Bursa Malaysia website.

https://www.bursamalaysia.com/market_information/announcements/company_announcement

Simply select "Sapura Energy" under the "Category" tab
and choose "Changes in share holdings"
to view all the transactions made by substantial shareholders (holding more than 5% of the shares). and insiders

You're welcome

HuangKuang:

It's quite comical that you shared a link to a website. Did you even read and comprehend the information on that website? It seems like a waste to use the free version of the Wall Street Journal website since it can't even provide accurate information on the top 10 shareholders.

If you try searching for other companies like Hartalega and Top Glove, you won't even find EPF listed as a shareholder. It's quite laughable, really.

As a shareholder, it's natural for me to be in this forum to share, exchange, and discuss ideas. However, I'm not sure why you're here since you keep saying that SAPURA is going bankrupt and should close shop. Are you not a shareholder?

You mentioned wanting to catch scammers, but it's hard to believe that's your sole purpose. It seems quite noble that you have free time to pursue such a cause.

Beyond repair, close shop, bankrupt, winding up. But why are people still commenting on SAPURA forum every day? Hahaha, go to other counters. If you already know SAPURA is going to close down.

So, it's important to keep in mind that there are 3 types of people in the SAPURA forum.

1) Shareholders: These are people who have bought some shares and regularly update news and exchange ideas with other shareholders.

2) Bitter people: These are people who have cut losses at the bottom and don't want to see SAPURA recover. As a result, they talk negatively every day.

3) Sole losers: These are people who spend 24 hours, including weekends, talking badly about SAPURA and have achieved nothing in their lives. They cannot afford to buy any shares and are just clowns in the forum, continuously commenting because they are losers in real life.

It seems that many individuals in this forum lack familiarity with BURSA MALAYSIA securities regulations. Let me clarify: "hedge fund" and "foolltime traders" in this forum are a joke, as they lack basic understanding of these regulations.

In Bursa Malaysia, shareholders who hold over 5% must announce their buy and sell activities. This applies to both substantial shareholders and insiders, such as company management (CEOs, CFOs, directors, etc.). Once below 5%, no announcement is required.

When some individuals claim that PNB owns only 0.16% of SAPURA ENERGY, I find it amusing, as it demonstrates their ignorance of BURSA MALAYSIA regulations. PNB holds approximately 6 billion shares, which is 40% of the company. It is illogical for a majority shareholder, let alone a substantial shareholder, not to declare their buy/sell activity.
In order to comply with securities law, any substantial shareholder transaction must be submitted to the Securities Commission (SC). On the other hand, to comply with EXCHANGE and LISTING law, any substantial shareholder transaction must be submitted to Bursa Malaysia.

I have provided a link confirming that PNB/ASB bought millions of shares in SAPURA ENERGY in July 2022. https://www.thestar.com.my/business/business-news/2022/08/09/sapura-energy-owners-stake-increase-a-good-sign

A Bloomberg screenshot shows the filing date of 29 July 2022. https://ibb.co/zsTnZgY

Some individuals in this forum claim that I rely on old data and want to use only 2023 data. They do not understand that substantial shareholders do not day trade and buy/sell shares every day. PNB/ASB bought shares in July 2022 and has not made any transactions since then. Thus, there is no need to update or submit a new filing.
https://www.klsescreener.com/v2/announcements/view/3587575 (27 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3588949 (28 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3589331 (29 JULY 2022)

The latest transaction was by SAPURA ENERGY CEO Anuar Taib in August 2022, as per the company announcement. The Bloomberg screenshot I provided is updated as of August 2022. https://www.klsescreener.com/v2/announcements/view/3589803

Any claims that Bloomberg is outdated are unfounded, as it is widely used by financial professionals worldwide. It is a joke to suggest that www.marketscreener.com is more accurate than Bloomberg.

Regarding my Bloomberg screenshot, Dimensional Fund Advisor LP sold 50 million shares, and the filing date was 5 May 2023. However, it is not a substantial shareholder, holding only 0.51% of the shares. Therefore, there is no official announcement by SAPURA on this matter.

Educate yourself before posting anything foolish in this forum. Stop spreading lies and scams. If you are unsure, ask for my help politely, and I will gladly educate you.

I am not urging anyone to believe me blindly. Instead, I encourage people to verify the information themselves. As I mentioned earlier, it is mandatory for PLC to declare any significant shareholder transactions. (it is one of Listing Requirements)
PNB/ASB has not made any transactions since July 2022. They have neither bought nor sold any of their shares.

If they were to sell, SAPURA would be required to make an announcement. As PNB is the majority shareholder, not just a substantial one, it is unlikely that SAPURA would remain silent on such matters.

Furthermore, if PNB had indeed exited SAPURA and only held 0.16% of the shares, reputable news publications such as The Edge and The Star would have reported it by now.

In addition, how would PNB have disposed of 6 billion shares? Were they sold to retail investors? If so, wouldn't there be a substantial increase in trading volume in SAPURA? It simply does not add up and seems illogical.

Regards,
DatoT20

Bon888 is an informed investor who conducts research and shares his discoveries. If I believe he has made a mistake, I'm here to rectify it. That's all.

On the other hand, BobbyChai appears to be very gullible in stating that PNB holds only 0.16% of SAPURA ENERGY, based on information from www.marketscreener.com. Only an inexperienced and naive investor would ever accept that information without verifying it first.

Regards,
DatoT20

It seems that many individuals in this forum lack familiarity with BURSA MALAYSIA securities regulations. Let me clarify: "hedge fund" and "foolltime traders" in this forum are a joke, as they lack basic understanding of these regulations.

In Bursa Malaysia, shareholders who hold over 5% must announce their buy and sell activities. This applies to both substantial shareholders and insiders, such as company management (CEOs, CFOs, directors, etc.). Once below 5%, no announcement is required.

When some individuals claim that PNB owns only 0.16% of SAPURA ENERGY, I find it amusing, as it demonstrates their ignorance of BURSA MALAYSIA regulations. PNB holds approximately 6 billion shares, which is 40% of the company. It is illogical for a majority shareholder, let alone a substantial shareholder, not to declare their buy/sell activity.
In order to comply with securities law, any substantial shareholder transaction must be submitted to the Securities Commission (SC). On the other hand, to comply with EXCHANGE and LISTING law, any substantial shareholder transaction must be submitted to Bursa Malaysia.

I have provided a link confirming that PNB/ASB bought millions of shares in SAPURA ENERGY in July 2022. https://www.thestar.com.my/business/business-news/2022/08/09/sapura-energy-owners-stake-increase-a-good-sign

A Bloomberg screenshot shows the filing date of 29 July 2022. https://ibb.co/zsTnZgY

Some individuals in this forum claim that I rely on old data and want to use only 2023 data. They do not understand that substantial shareholders do not day trade and buy/sell shares every day. PNB/ASB bought shares in July 2022 and has not made any transactions since then. Thus, there is no need to update or submit a new filing.
https://www.klsescreener.com/v2/announcements/view/3587575 (27 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3588949 (28 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3589331 (29 JULY 2022)

The latest transaction was by SAPURA ENERGY CEO Anuar Taib in August 2022, as per the company announcement. The Bloomberg screenshot I provided is updated as of August 2022. https://www.klsescreener.com/v2/announcements/view/3589803

Any claims that Bloomberg is outdated are unfounded, as it is widely used by financial professionals worldwide. It is a joke to suggest that www.marketscreener.com is more accurate than Bloomberg.

Regarding my Bloomberg screenshot, Dimensional Fund Advisor LP sold 50 million shares, and the filing date was 5 May 2023. However, it is not a substantial shareholder, holding only 0.51% of the shares. Therefore, there is no official announcement by SAPURA on this matter.

Educate yourself before posting anything foolish in this forum. Stop spreading lies and scams. If you are unsure, ask for my help politely, and I will gladly educate you.

I am not urging anyone to believe me blindly. Instead, I encourage people to verify the information themselves. As I mentioned earlier, it is mandatory for PLC to declare any significant shareholder transactions. (it is one of Listing Requirements)
PNB/ASB has not made any transactions since July 2022. They have neither bought nor sold any of their shares.

If they were to sell, SAPURA would be required to make an announcement. As PNB is the majority shareholder, not just a substantial one, it is unlikely that SAPURA would remain silent on such matters.

Furthermore, if PNB had indeed exited SAPURA and only held 0.16% of the shares, reputable news publications such as The Edge and The Star would have reported it by now.

In addition, how would PNB have disposed of 6 billion shares? Were they sold to retail investors? If so, wouldn't there be a substantial increase in trading volume in SAPURA? It simply does not add up and seems illogical.

Regards,
DatoT20

Hi Bon888,

it seems that you may be confused between the roles of the Securities Commission (SC) and Bursa Malaysia. Allow me to clarify.

In order to comply with securities law, any substantial shareholder transaction must be submitted to the Securities Commission (SC).

On the other hand, to comply with EXCHANGE and LISTING law, any substantial shareholder transaction must be submitted to Bursa Malaysia.

I hope this information helps.

I am not urging anyone to believe me blindly. Instead, I encourage people to verify the information themselves. As I mentioned earlier, it is mandatory for PLC to declare any significant shareholder transactions. (it is one of Listing Requirements)
PNB/ASB has not made any transactions since July 2022. They have neither bought nor sold any of their shares.

If they were to sell, SAPURA would be required to make an announcement. As PNB is the majority shareholder, not just a substantial one, it is unlikely that SAPURA would remain silent on such matters.

Furthermore, if PNB had indeed exited SAPURA and only held 0.16% of the shares, reputable news publications such as The Edge and The Star would have reported it by now.

In addition, how would PNB have disposed of 6 billion shares? Were they sold to retail investors? If so, wouldn't there be a substantial increase in trading volume in SAPURA? It simply does not add up and seems illogical.

Regards,
DatoT20

it is Listing Requirements to do so