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2023-12-06 12:35 | Report Abuse
OMV has confirmed negotiation with interest bidder ongoing, expecting receive high hundred of million for oil assets in Malaysia
2023-12-06 11:30 | Report Abuse
Inefficient Bursa, no wonder market so unattractive from foreigners
2023-12-06 11:29 | Report Abuse
What Bursa cooking, unable to reply an application after more than a month ++... Yes or no only...lol
2023-12-04 15:19 | Report Abuse
I don't think there is a way salvage this, PNB is quick certain bite the bullet, with less than 2 month before expire, 1 billion loss, opposition won't miss this kind of opportunity, I billion loss woh
2023-12-04 15:09 | Report Abuse
Around 10% of next profit from last year's, dividend for bumi gaping to be suck in 2024
2023-12-04 15:07 | Report Abuse
RM1 billion via a two-for-five renounceable rights issue of new RCPS-i at 41 sen each.
It is worthless now and expire soon in next month..
PNB is the first casualty 1 billion loss.
2023-11-28 22:39 | Report Abuse
Bursa neither reject or accept the extension request SAP, Bursa just silent but due date near, 2 days left
2023-11-28 22:36 | Report Abuse
PNB won't convert, not making business sense, can it redeemable, regardless which move it take, PNB going to making huge loss I think.
2023-11-25 20:47 | Report Abuse
The key is still restructure, the EGM also no sound, deal with creditor by end of the year....
2023-11-16 14:11 | Report Abuse
12 days has passed since the submission, Bursa may announce the faith of SAP anytime
2023-11-12 19:23 | Report Abuse
Who and how much win the bid to acquire SAPOWV, we may get the news this coming week!!
2023-11-10 15:16 | Report Abuse
I believe whoever spare their precious time in SAP forum are interested in this stock, either bear or bull group, so nothing wrong to wait for SAP news which may announce anytime
2023-11-10 13:15 | Report Abuse
The announcement on the sale of SAPOMV and Bursa news, success or fail, all here are waiting waiting
2023-11-09 09:06 | Report Abuse
Where is the EGM...still no updates on the disposal of Sapomv
2023-11-05 12:45 | Report Abuse
Whoever unable to read the announcement by themself correct, is and idxxx and deserve to lose money. I believe all here understand the status of the application lah. Why worry.
2023-11-05 12:35 | Report Abuse
No worry, let see extension is granted or not, very soon Bursa will reply to SAP's request . No need to argue, Bursa will reply within days .either this week or early of next week.
2023-11-04 17:26 | Report Abuse
Haha, I think the news is genuine, but read carefully, 'RHB inved...haha
@huangbk72
If this announcement is true.. Only until 2023
Bursa angry lo...
Posted by AnakUlarSawa > 1 hour ago | Report Abuse
On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 1 November 2023 resolved to grant the Company an extension of time up to 31 December 2023 to submit its regularisation plan to the regulatory authorities.
2023-11-04 17:04 | Report Abuse
BNM and Courts have already extend until Mar 24, so I think Bursa will just follow, extend until Mar, won't more than 4 months extension with stern warning.
The key question is the restructure plan execute and approval from creditors. Current price is support by the slow but progress structure plan, next is the sale news of SapuraOMV. Since early of the years, CEO repeated target to close the deal with creditors by end of the year. Nothing is certain.
2023-10-31 07:51 | Report Abuse
Is beyong repair, either foreign bank or gov compromise
2023-10-31 07:49 | Report Abuse
After submit the restructure plan, 1 year or more upon agree with regulatory for execute, the plan should be able to submit if already finalize, I guess foreign bank do not agree on the restructure.
2023-10-30 21:46 | Report Abuse
Put aside whether should Bursa grant the extension or not, what do think if SAP bankrupt, what would be the impact, (what if)
2023-10-30 21:40 | Report Abuse
I guess reason is simple, if you are small fish, bank will bankrupt you overnight. 10,000 staff lose their job overnight. Suppliers will never received 5 billion, 700 million worth of share will gone. Asset will sold by bank creditor.....PNB will lose 3 billio overnight....
2023-10-30 21:17 | Report Abuse
If not mistaken, from the record, SAP always submit within a week before expired, can refer the company previous announcement, 3 years already, how Bursa respond, I bet only 3 months extension, with warning...
2023-10-30 19:18 | Report Abuse
Application for extension submitted a month earlier before due date on 30 Dec, I guess SAP not confident and ready for appeal.
2023-10-30 14:13 | Report Abuse
Hope to get an meaningful update on Wednesday..
2023-10-20 22:54 | Report Abuse
Disposal of scrap drill also need EGM, selling core assets worth billion no need EGM?
Why Felix think no need EGM?
2023-10-20 19:29 | Report Abuse
Bid due by this week, how soon they will announce the winner...next week, then will call EGM for approval?
2023-10-20 11:56 | Report Abuse
EGM to sell the OVM stakes....when when....2023 going to end..CEO promise by year end, notifications should send in a month advance ..where where ..aiks
2023-10-16 15:17 | Report Abuse
EGM, CEO mentioned an EGM may held in Nov or Dec.....seem like delay again? Not looking goods why no updates on the restructure plan ....
2023-10-06 15:52 | Report Abuse
This is why restructure updates is the most important, not oil price not drill rate. Now need to wait until end of year which is the new target date from CEO. Provided extension is given by Bursa
2023-10-05 09:54 | Report Abuse
A lot unnecessary toxic fighting here. But SAP not looking good, keep dragging won't help the situation, even with hight drill rate and good performance from subsidiaries, but is still making core loss...where is the light from tunnel CEO saw last month...no update at all on the restructure plan, this is the only thing matter. CEO mentioned EGM in Nov and Dec, going delay again?
2023-10-02 21:19 | Report Abuse
No significant progress update on restructure, so it is doom. Seems like not able to meet Nov and Mar due date...after 3 years creditors still not willing to give way, will they able to strike a deal in 3 months unlikely.
SAP also not care, start diversment and restructure plan with or without agreement from creditors
2023-09-29 13:51 | Report Abuse
3 years of negotiation with creditors still not able reach a principle agreement, ....seem like just waiting Gov step in
.
2023-09-28 12:06 | Report Abuse
The CEO accepting the challenge to turn around a 15 billion debt which inheritance from the ex-CEO sharill ..he should be part of Finance Ministry department
2023-09-28 12:00 | Report Abuse
With such terrible situation and cash trapped company still can secure billion of billion contract, cash balance also improve gradually.
The management teams have done a fantasy job, it is a role model for othe GLC company.
Look at the winding petition cases SAP receive, but the team still stay strong and stay with the company since the restructure started few years ago...
2023-09-27 22:51 | Report Abuse
Sapura Energy’s debt restructuring efforts, which underpins its regularisation strategy, are progressing positively.
Without the principle agreemey by Nov, will Bursar accept the regulisation plan, after 2 years of extensions, would Bursar extend again...
2023-09-27 22:42 | Report Abuse
The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of SEB and to de-list the Company in the event:
(i) the Company fails to submit its regularisation plan to the relevant regulatory authorities on or before 30 November 2023;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or
Risk is very high now...delisting..CEO target to close a principle deal by end of year..
2023-09-27 20:39 | Report Abuse
No progress update on restructure...fail...delisting by end of Nov and winding petition all linining up in Mar24... it must finalize immediately and required few months to execute it
2023-09-26 15:14 | Report Abuse
If SAP not able to submit restructure plan by the due date, it will become 0 sen and delisted, but if he manage submit, sky is the limit.
2023-09-26 09:18 | Report Abuse
Doom is more likely, but you never know unless you are insider..any significant good news from restructure progress will send it to the moon, else....fell to hell...
2023-09-26 08:01 | Report Abuse
Anytime from now, doom or boom, haha
2023-09-24 20:42 | Report Abuse
@singor, u sound like the deal with creditors still far from reach!!!
2023-09-24 13:32 | Report Abuse
Less than 5 days, QR and Restructure updates, mmmm...a bit quiet...good or no good sign....
2023-09-19 18:19 | Report Abuse
Crazy sell emerge aheand of QR, not a good sign......
2023-09-18 01:00 | Report Abuse
Results will be out in days and due date for restructure is close. No crazy sell from insider, good sign.
2023-09-15 15:39 | Report Abuse
From the recent development from the current gov, seem like wanted get rid off GLC. Not surprised they just sell off Sapura to willing buyer.
2023-09-13 10:26 | Report Abuse
Yeah loh, very soon only few trading days only until QR result and 1-Oct, if still no significant improvement on restructure progress, price may collapse, else it may skyrocket. Few days only hold your breath now temporary.
2023-09-10 22:52 | Report Abuse
Very soon, boom or doom, who is stuped...haha very soon, let see..will it delisted or overcome the challenge. Very interesting.
Stock: [SAPNRG]: SAPURA ENERGY BERHAD
2023-12-06 12:38 | Report Abuse
Maybe 1.6 or 1.7 bil. Around 3.6 bil