A year ago on March 30, 2021, Sapura TMC had raised the funding through the execution of multi-currency financing facilities.
The facilities comprise two term loan facilities of approximately US$602 million (RM2.5 billion) and RM906 million respectively, and unrated sukuk murabah amounting to US$125 million (RM518.5 million) and RM6.38 billion.
The facilities have a tenure of seven years and are guaranteed by Sapura Energy. It comes with the condition that its largest shareholder Permodalan Nasional Bhd (PNB) continues to have over 33% in the oil and gas outfit in the period.
KUALA LUMPUR, June 3 — Serba Dinamik Holdings Bhd has appointed an independent firm to assess the veracity and accuracy of matters raised by its external auditor and to report the results of the assessment to an established independent committee.
"During the implementation of the movement control order (MCO), the logistics industry – particularly the e-commerce and e-fulfillment services – were declared as essential services and allowed to operate."
PETALING JAYA: Better earnings are expected for BERMAZ AUTO BHD (BAuto) in the second half of its current financial year ending April 30,2020, on the back of anticipated demand for new and existing Mazda models.
Nevertheless, we continue to like PTrans for its: 1) proven track record in the niche, underserved bus terminal business; 2) strong earnings profile from its existing core business; and 3) growth prospects led by Terminal Kampar and upcoming expansions.