So the white knight likely will become the bigger shareholders

And this new RCIS issuance exercise is after 20:1 consolidation

Approximately 2.3 billion new RCIS share issue to white knight, conversation rate is 1:1...

SAP need to issue new share for 2 billion from middle east company, after that it will become the bigger shareholders

Current gov does have business sense....let other take over Malaysia precious assesst, end up who suffer, local supplier and you know I know.

Now this outsider white knight take advantage on cheap oil assesst, they put condition will only invest if creditors agreed on the haircut plan...easy money for outsider investors

Ichina gov invest business which stop by USA, reason unfair to USA firm,

Malaysia different, Rakyat stop gov invest in national important assesst....let outsider take advantage on Malaysia oil assesst which impact by COVID...

Gov don't know SAP now belong by National? Gov don't know crony has been flush out by PNB, replace with non polical background CEO....

Now you letting outsiders invest with cheap, later they can exist with handsome profit ..gov should has business sense and integrity, seem like too luxury to have both

I found gov is naive, Najib is more business sense in this case, now they letting outsiders take a big chunk from Malaysia oil assesst and oil service, do you know that how many Bumi vendor depend on sapura.

Since the hair cut plan publish, highly likely agreement has already reached by creditors, now just circular for signature...haha, 90% is done deal

20:1 share consolidation, then more than 100% new shares (various form mostly not convertible in next 5 year)....PNB holding 46% of the shares which will dilute progressly over the 7 uears

Lim resign after appointed as majority creditor director......haha

@imformed, What goin to happen in Jun, seem like align with the extension?

some one told me Velesto, Pretonas, KLK and IOI staff meeting at SAPULAH office last week, seem like they will do something. Before June should see the results.

Any updates, the proposal was publish last year, no news except keep extension

The biggest loosing contract is with wing Farm Taiwan and ONGC India
Wing Farm terminated and in court now, ONGC 3 billion project completed soon start production in May....

Singor
from what i learned from O&G contractors, SAP Old contracts( low margin) are weighing down SAP profit
margin but not generating big losses. It is lack of New Contracts that is making Fixed Expenses eating into
Profits. Management is actually forcing Old contracts off hands or re-negotiation new price ( dont know
can or not

No so good news, 2 weeks before restraining order expired, seem like will extend to May

India project

Some good news, the most losing money legacy contract is close to end, target may start production.

MOGSC demand Gov bail out SAP...haha

Seem like debt deal finalize soon, MOGSC asking Gov help by claiming that subcontractor is victim of the debt deal.

SAP just copy paste the monthly updates.....

No matter how good prospect of one division, also not rnought to pay back the debt, paying 1.5 billion a year also need 10++ to clear, assume no new loan...worst still SAP group still losing money due to legacy project

The price will only move after debt restructure success...

Restraining order expired on early March.....very soon, if no extension lender take legal action against SAP.....no news on extension, no news on debt restruture.....

If deal with lender has seal, price should have spike....only left 4 weeks....

Selling down today indicate ???

Need to be cautious when PLC has big project in idian...almost sure die....

Taiwan Winfield project has been put on hold after an incident with the new contractor. I guess the most money losing project is in India....again..haha

In Malaysia
Mazda is hot selling but due to long waiting period, a lot cancellation as well
Peugeot not selling as expected
Kia only CBU Carnival is doing well, other mode price at 240k onward above mass market. Even the famous Sorento also price from 220k onward.....

Only depend on Mazda only, the rest 2 new ventures is losing

Back to 0.050...maybe this is lucky number for someone.

@kyliew, what is their agenda? To ensure lender agree on the write off?

Is it a trap or opportunity!!!

Extension is not good news....anyway Market respond positively.

This is gonna scary...are they able to get extension?

At this stage, still no volume....very likely request for extension.

Need to submit for extension..

No news about the detb restructure, it only left 1.5 months before the standing instructions expire, volume remain low ..

PSb announced lowest dividend, if SAP not able to restructure next year.....PSB may declare further lower dividend....no reason for Bumi keep the money in ASB...some of them may start to withdraw...this will make the situation worst...

KYY rate Sapura 'middle' compare among other O&G stocks...

They need wrap up the restructure by next month....not many days left..

Very close to due date, SAP may need to wrap up debt restructuring by Jan. Insider will started buy in Jan if good news. 70%write off mean save 420 million interest...

600 million financial cost per year.....if not resolve this, 100% rig utilization also useless....

Extension of RO expire soon around 3 months, it reported that pod close to end, I reckon SAP would not request another extension

Hassan should replace PETRONAS CEO, create heatthy market

Rafizi is sued by ex-founder SAP.... definitely he will step in, whether is positive or negative remain uncertain.

2 months has passed since they submitted the draft and had met with the lender.....how long still needed....they have started this since mid of the year, then asked BNM help in 3rd Q....hope to conclue soon, only can hope

Few month before due date, SAP still keep silent about their restructure progress....

How the oil industry evolve, world are still using oil, but money is run away, no one want spend million investment to drill new field, worry after spend billion drill and setup station which need 3-6 years, oil demand drop.

3-4 months left....very close to deadline.

People willing sacrifices Ukraine people life so that can peace can be restored.

This is selfish, ukrain who live under occupied by Russian being kill, rape, torture.

When you ask for peace, please don't forget those Ukraine PEOPLE who live there peachfully before the invasion.

If BNM fail to kick foreign Bank ass, then foreign Bank will kick SAP ass. New gov also need to kick foreign Bank. Z openly support Rescue SAP, rescue may become UMNo manifesto...haja