KUALA LUMPUR (Nov 21): Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that about 70% to 80% of the costs of his official trips to five countries over the past two weeks were paid by private companies.

The companies included Petroliam Nasional Bhd (Petronas), Sapura Energy Bhd (KL:SAPNRG), Yinson Holdings Bhd (KL:YINSON), Proton Holdings Bhd and various semiconductor firms.

Anwar said he had worked with Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz to invite several companies to participate in the trips in an effort to manage the expenses of his official overseas visits more efficiently.

"These companies have business and investment interests in the countries (that I had) visited. So they paid for the fares and costs. If I'm not mistaken, around 70% to 80% of the flight costs were borne by these companies. In return, the government helps these companies, be it imports or exports," Anwar said during the weekly Prime Minister's Question Time at the Dewan Rakyat on Thursday.

Anwar, who is also the finance minister, said that the final total of the flight costs have yet to be detailed as he had only just returned from these visits.

"However, the costs were indeed high as the trips covered Kuala Lumpur, Cairo, Riyadh, Lima, Rio de Janeiro and Doha. It spanned three continents, but 75% of the costs were covered by the said companies," he said.

Bernama reported that Anwar had been on overseas visits since Nov 9, travelling to Egypt, Saudi Arabia, Peru and Brazil, and only returning home on Wednesday night.

During the 11-day official and working visits, Anwar led the Malaysian delegation to key events, including the 31st Asia-Pacific Economic Cooperation (Apec) Economic Leaders' Week (AELW), the G20 Summit, and the Extraordinary Arab and Islamic Summit.

No more extension
Fasten your sit belt lady and gentlemen
Jit Pai Hoseh Liao

https://www.tradingview.com/news/DJN_DN20240422010761:0/

Sapura Energy's proposed sale of its stake in unit SapuraOMV Upstream to TotalEnergies looks "fairly valued," BIMB Securities analyst Azim Faris Ab Rahim says in a note. TotalEnergies is buying the stake for $530 million. Despite Sapura Energy's financially distressed status, it managed to sell its stake in SapuraOMVwith a "non-distressed valuation," supported by high oil prices, he says. Sapura Energy may have to restructure its debt by at least MYR3 billion-MYR 4 billion to achieve sustainable capital structure, he adds. BIMB Securities maintains a trading buy on Sapura Energy and keeps its target price at MYR0.06. Shares are unchanged at MYR0.05. (yingxian.wong@wsj.com)

Get ready Super Ring
See Phyton shouts at tree tomorrow onwards
Jit Pai Hoseh Liao

1.00, 1.20, 1.40, 2.00, 2.50, 3.00, 4.00 and beyond ……
Possible !!!

Can touch 0.06 but to maintain might need to wait 20:1

But every stake holder will know it wont be long so just enjoy while waiting for it !!!
Strongly feel it’ll exit from PN17 soon after the announcement

Meterial announcement on any date before 10th June 2024 will still be considered ahead of financial plan deadline.
Jit Pai Hoseh Liao ….. ;) ;) ;)

KUALA LUMPUR (April 22): Investors of Sapura Energy Bhd await the material announcement hinted at last Friday's noon break by the oil and gas services company, which is in the midst of formulating a regularisation plan to address its Practice Note 17 status.

Shares in the company, which undertakes upstream operations and maintenance, offshore fabrication, and drilling services, have been voluntarily suspended from trading since 2.30pm last Friday afternoon.

The suspension points to potential sale of its 50%-owned upstream unit SapuraOMV Upstream Sdn Bhd.

The other 50% stake in SapuraOMV is in the process of being acquired by TotalEnergies from Austria’s OMV Aktiengesellschaft for US$903 million (RM4.32 billion). OMV sold the stake as part of its group strategy that shifted its focus away from Australasia.

OMV bought into SapuraOMV back in 2018 by subscribing to a 50% stake for US$540 million, plus repayment of US$350 million in intercompany debt.

It was reported that Sapura Energy was looking for US$1.2 billion for its stake in SapuraOMV.

SaspuraOMV operates the Sarawak gas fields of SK310 (with a 30% stake) and SK408 (40% stake). It also owns 40% of Block SB412 offshore Sabah, and 30% of Block 30 offshore Mexico, as well as other offshore exploration permits in Western Australia and the Taranaki Basin in New Zealand.

TotalEnergies’ transaction price for the 50% stake in SapuraOMV is bigger than Sapura Energy’s market capitalisation of RM826.92 million, based on its last traded share price of 4.5 sen prior to the suspension.

As at end-January, Sapura Energy had negative total equity of RM4.19 billion, against cash of RM1.45 billion and gross borrowings of RM10.98 billion.

The group is in the midst of coming up with a regularisation plan to address its balance sheet position. At the moment, it has been given until June 10 by the courts to restrain any legal action by creditors, including local vendors and those for its RM10.3 billion multi-currency financing facilities.

At least 75% of these creditors have provided requisite approval-in-principle for its proposed debt restructuring scheme, back in December last year.

Shareholders of Sapura Energy include Permodalan Nasional Bhd via Amanah Saham Nasional Bhd (40.73%). Brothers Capital Sdn Bhd, linked to Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsuddin, owns a 9.18% indirect stake in the listed entity. Shahril also owns a 0.95% direct stake in Sapura Energy.

Removed from PN17
Jit Pai Hoseh Liao !!

Waitlah
Announcement in the making
Congratulations to all those who hold
Jit Pai Hoseh Liao !!!

JIT PAI HOSEH LIAO :)

Like this how not to remove from PN17
How to delist
How not to continue business
Jit Pai Hoseh Liao !!!

Sapura Energy Berhad (“Sapura Energy” or the “Company”) is pleased to announce that its wholly owned subsidiary, Sapura Subsea Services Sdn. Bhd. (“SSS”) has been awarded with a contract for the Provision of Pan Malaysia Underwater Services for Petronas Group of Companies and Petroleum Arrangement Contractors (“PACs”) (“Contract”) by Sarawak Shell Berhad (“SSB”) and Sabah Shell Petroleum Company Limited (“SSPC”). This Contract takes effect from 31st January 2024 for a period of 5 years.

Sekarang still tak beli, too late to get this price anymore
Jit Pai Hoseh Liao

Sapurian, hold tight ya
Don’t let go yet
More to come as we just starting the engines.
Vrooooooooommmmmmmm……….

Jit Pai Hoseh Liao!!!
Hahahaha
Bobby Bobby
You made our day ….;)

Hahaha
So many fact after farts from uncle Bobby yet the price still remain stagnant
Jit Pai Hoseh Liao !!!

Jit Pai Hoseh Liao…
Still same kah?
Uncle Bobby still hasn’t give up after so many donkey months of hoping it to close shop kah
Wakakakakaka …..

Jit Pai Sibeh Hoseh Liao!!!

Uncle Bobby mana boleh nampak itu semua.
Yang dia percaya mau tutup kedai jer
Sebab dia sudah lama stuck kat harga tertinggi puncak Bukit
Kalau harga naik sampai 0.10, 0.20 0.30 pun dia takkan senang hati loh
Kalau yang masuk beli masa 0.03 sekarang sudah profit 100%
Jit Pai Hoseh Liao!
Bobby banyak Pai Seh Liao !!! :))))

Yeah 100% accuracy on the bet against loser ;)))))))

He stucked long time at penthouse price ma, right Uncle Bobby?

Can not lose his ego
Hoseh Hoseh !!!

Bobby the only one transacted at 0.055 just now
Hahahaha.........

Bobby paiseh liao :))))

Jit Pai Hoseh Liao ;)

Already 0.03 mah
X 2 lah ;)
Jit Pai Hoseh Liao

As long as below 0.08 its still a good buy because its Lai liao Lai liao
Can only moan for not buying after this (Mark!!!)
Jit Pai Hoseh Liao!!!

Anything below 0.08 is a buy call !!!
Don’t buy high cut lost low
Jit Pai Surely Hoseh Liao Geh

Buy now !!!
Don’t buy high cut lost low
Anything below 0.08 is good
Jit Pai Hoseh Liao

No problem as long you realised it’s still not late to buy it now.
Don’t miss the the rocket
Lai Liao Lai Liao
Jit Pai Hoseh Liao!!!

Buy now
Don’t buy high cut lost low!

Uncle heart very pain now
Can’t eat
Can’t drink
Can’t sleep
Hoping 0.03 kambing
No eye see liao

Jit Pai Hoseh Liao!!!
Told you Lai Liao Lai Liao ma... ;)

Buy soon
Don’t buy high cut lost low
Mana 0.03 kambing?
Jit Pai Hoseh Liao

Bullish mood ON!!!
Lai liao
Lai liao
2nd attempt to break 0.05 resistance ON!!!
Jit Pai Hoseh Liao

Those uncle were bunch of loser happened to buy high sell low, no where to be find liaolah.
Always shouting 0.03 coming and
tsunami coming because that’s the only way they will feel to have a good reason staying alive.
Jit Pai Hoseh Liao !!!

Still not late to buy ....
Bullish till your papa mama can’t recognise liao
Don’t buy high cut lost low !!
Buy now hold gao gao
Hoseh lai liao !!!

Bullish mood ON!!!
Lai liao
Lai liao
Hoseh liao

Hoseh on the way
Belum beli, beli cepat
Sudah beli, senyum saja
Sudah jual, beli lah balik
Sudah cutlost, move onlah saja
Meroyan tak berguna
Hahaha

More news after AGM ...
Hoseh Liao !!!

12th AGM coming
Good news follow after that

0.03 come only when dreaming

Bohoseh DIGgy?

As if never touch GLC counters due to integrity issues
In fact
Buy high 1.00, cut lost low 0.04

0.03 come only when dreaming

Hahaha
Buy high 1.00
Cut lost 0.04
Keep dreaming loser
Hoseh boh Hoseh?

Don’t think it will fall to 0.03
Don’t dream

Coming soon as predicted ...
Otherwise why bother to be the shareholder right?
Only the fools buy high sell low
Hoseh Liao !!

Hoseh Liao!

0.035 Q everyday so long .................

If affordable lah
Because hard to get below 0.04 anymore