Followers
0
Following
0
Blog Posts
0
Threads
2
Blogs
Threads
Portfolio
Follower
Following
2022-02-15 11:51 | Report Abuse
Job executed and never pay a cent to subcon or suppliers. All the payment received from client upon job completion goes into director's bonuses. Very similar modus operandi as Serba Dinamik. They're bidding contracts/jobs at below market rates to get awarded just to boost their share price.
Stock: [SAPNRG]: SAPURA ENERGY BERHAD
2022-02-15 12:01 | Report Abuse
Yeah but not 12-18 months late. To withhold a subcon's payment of RM 6mil for 12-18 months is crazy. Imagine those money put into other investments can generate more positive rather than doing business with Sapura energy.