Posted by BobAxelrod > 2023-05-09 07:34 |

Post removed.Why?

Posted by OKU_2020 > 2023-05-09 07:38 | Report Abuse

Huangbk72@
For those still insisting PNB holds 40% in SAP. Latest is 0.16%

https://m.marketscreener.com/quote/stock/SAPURA-ENERGY-12615775/company/
--------
PNB 0.16 % - almost 0 %....OMG..!
BETTER ?....RUNNNNNNNNNNN for OUR LIVES

BOOOOOOO CHOWWW CCCCCCCCC ...!!

Posted by BE_GREEEEEDY > 2023-05-09 07:55 | Report Abuse

Warren Bufett >>
" BE GREEEEEEEEEDY when others are SHIVERINGGG "
$$$$$

Posted by TalkNumberOne > 2023-05-09 07:59 | Report Abuse

Hahahaha love seeing old man found a new toy. So fast can change ID put so many comments. Old man started playing with the toy put inside his mouth smell it with so much love. Not knowing the toy is his neighbour Mr Wong Dildo. Hahaha

Posted by TalkNumberOne > 2023-05-09 07:59 | Report Abuse

Old man seems to be in love with Mr Wong, aka Old Wong. No wonder old man forever lembik

Posted by OKU_2020 > 2023-05-09 08:20 | Report Abuse

TSUNAMI WARNING.....!!
any time - Be prepared for the Worst

Posted by OKU_2020 > 2023-05-09 08:28 | Report Abuse

Be prepared to Cut OUR BIRDs...!!

Posted by TalkNumberOne > 2023-05-09 08:29 | Report Abuse

Old man I like your new phrase hahahah prepare to cut birds

Posted by cicakman > 2023-05-09 08:53 | Report Abuse

If cannot run, you walk.
If cannot walk, just crawl
Stil cannot, use stretcher.
Last options , dig a grave and buried yourself.

Posted by BobAxelrod > 2023-05-09 09:13 | Report Abuse

NOSH : 15,979,000,000
DEBTS : 15,370,000,000.00
Share price : 000000000000.04

Have never seen anyone give RM100 to a homeless or beggar on the street, but these silly promoters can expect the Govt to give RM15 Billions for bailout????

Posted by SinGor > 2023-05-09 09:15 | Report Abuse

SAP 1.8B loan stock to "white Knight" which means SAP has to appoint a Price Keeper to maintain price at loan
stock Level. Just like all others Bursa counter where Owner has a Huge Margin Account with Banks---A remisier
is appointed to maintain Price. Any way SAP has a Sugar daddy ---PNB

Posted by BobAxelrod > 2023-05-09 09:17 |

Post removed.Why?

Posted by cicakman > 2023-05-09 09:17 | Report Abuse

Call 999 if you need assistace to stanby at Penang Bridge.

Posted by BobAxelrod > 2023-05-09 09:31 | Report Abuse

Perhaps, MikeCheatYouCrazy and these silly promoters should change profession and become beggars. Some nasty people might see them getting to cars later and bulldoze them into a corner or longkang!

Posted by youarewelcome88 > 2023-05-09 09:42 | Report Abuse

Until I see the declaration by PNB that they have ceased to be Sapura's substantial shareholder, I will not take this piece by Marketscreener seriously. I don't think they will legally stand by what they published. The Share registrar is the authority for this verification... not a website

Posted by Understand > 2023-05-09 10:01 | Report Abuse

PNB no more decisions maker, left ikan bilis to decide the direction of the company.

Posted by Huangbk72 > 2023-05-09 10:05 | Report Abuse

If you dont believe MarketScreener... You believe Nikkei news? Can sue them if they posted wrongly...

https://asia.nikkei.com/Companies/Sapura-Energy-Bhd2

Posted by Huangbk72 > 2023-05-09 10:18 | Report Abuse

Haha.. as usual...

Im here to provide Facts and Truth to readers.

Unlike those spreading rumors and fake information that later turns out to be duds.

Posted by rainman31 > 2023-05-09 10:23 | Report Abuse

We believe no one! Why now this shareholding % is popping out despite continuous attack?

Posted by Understand > 2023-05-09 10:25 | Report Abuse

No more promoter. Huang 72 has taken over the group. Meow and Talk cock now shivering in the closet!!!

Posted by Medusa > 2023-05-09 10:34 | Report Abuse

PETALING JAYA: A merger between debt-ladened Sapura Energy Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd (MHB), an indirect unit of Petronas, could well be on the cards if preliminary discussions on the proposal bear fruit.

Sources said the majority shareholders of Sapura Energy and MHB, namely Permodalan Nasional Bhd (PNB) and Petronas respectively, are “mulling” merging the two oil and gas (O&G) services providers but stressed the discussions are still at “an early stage”, according to a report in the latest issue of business weekly, The Edge.

Included in the proposed restructuring plan for the Practice Note 17 (PN17) company is the emergence of a potential white knight, among several other proposals.

A source said the major shareholders of both companies are still in the process of appointing lawyers for the potential merger, so it is hard to gauge if the proposed merger will even be successful.


“There are also parties that disagree with the corporate exercise (the merger), and these parties are in a position of power as well. So, it could go either way,” the source added.

Another source said that talks of a merger between Sapura Energy and MHB go as far back as 2015, as both companies have large fabrication yards, but nothing had materialised.

PNB is the single largest shareholder in Sapura Energy with a 40% stake, while MHB is a 65.5% subsidiary of MISC Bhd, which is in turn 51%-owned by Petronas.

Similar to Sapura, MHB operates in the oil and gas sector. The company runs Southeast Asia’s largest O&G fabrication yard, with services that include engineering, construction, and conversion works.

Interestingly, Sapura Energy’s biggest lender is Maybank, in which PNB also has a 44.29% stake.

Other companies involved in the debt restructuring agreement include CIMB Bank, RHB Bank, AmBank Islamic Bhd, Export-Import Bank of Malaysia (Exim), United Overseas Bank Ltd (UOB), ING Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp.

Sapura Energy is sometimes seen as an O&G company which is considered too big to fail. As such, it appears to be in everyone’s best interest to ensure it doesn’t go belly up. The question is – how will a potential merger or restructuring play out?

Investors have yet to react to the news. Sapura Energy’s share price was unchanged at 4 sen yesterday, valuing the group at RM639.16 million.

Meanwhile, MHB’s share price closed 1 sen or 1.67% lower at 59 sen, giving it a market capitalisation of RM944 million.

Posted by DatoKembara > 2023-05-09 10:41 |

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Posted by rainman31 > 2023-05-09 10:41 | Report Abuse

Interestingly...Malaysian news stating that PNB is the majority shareholders. Period.
https://www.freemalaysiatoday.com/category/nation/2023/05/09/sapura-energy-mhb-merger-on-the-cards/

Posted by DatoKembara > 2023-05-09 10:42 |

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Posted by DatoKembara > 2023-05-09 10:46 |

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Posted by Medusa > 2023-05-09 10:47 | Report Abuse

Now the only obstacle is C2Pid shahril want fight with the government of the day.

Whether Anwar the MOF aka PM will help Sapula aka bahlol Shahril is yet to be seen

The most honorable thing for shahril is to admit mistake and resign immediately taking so much remuneration when sapula in shxx problem and settle the court matter amicably

Only through settlement, perhaps gov will consider assisting bangaxx Sapula. The bola besar in Shahril’s hand not to antagonxxx the gov of the day.

Posted by DatoKembara > 2023-05-09 10:51 |

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Posted by ocbc > 2023-05-09 10:52 | Report Abuse

10 to 1 consolidation likely

Posted by DatoKembara > 2023-05-09 10:53 |

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Posted by Huangbk72 > 2023-05-09 10:54 | Report Abuse

That racists already drunk so early in the day...

No matter how you add up.. PNB confirmed reduced their shareholdings..

No matter how you add up... BO or whatever... never reaches 40%.. ASB still holding 40%? Hahahhaha

Posted by DatoKembara > 2023-05-09 10:55 |

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Posted by rainman31 > 2023-05-09 10:56 | Report Abuse

if PNB 0.16%, why i still cannot get my 0.035...soooo long waiting! Please help me to get..lol

Posted by Huangbk72 > 2023-05-09 10:57 | Report Abuse

Nahtuk..

Try using your calculator and see if you can find ASB holding 40%... LOL... So called T20.. you should be BB20

https://www.morningstar.com/stocks/xkls/5218/ownership

Posted by DatoKembara > 2023-05-09 10:57 |

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Posted by BobAxelrod > 2023-05-09 10:58 |

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Posted by Huangbk72 > 2023-05-09 10:59 | Report Abuse

Its extremely difficult to talk sense and show facts to the Dumbs...

They have been brainwashed...

Let it be.... they want to lose all their money.. so be it...

We did all we can..

Posted by BobAxelrod > 2023-05-09 10:59 | Report Abuse

Silly promoters, how much does it cost to extract current copy from Registrar?? RM10? RM20?...you don;t have??

Posted by BobAxelrod > 2023-05-09 11:01 | Report Abuse

Merger plans??...another A4 paper chit as excuse for Extension???....how many times want to change story to Court??

Posted by DatoKembara > 2023-05-09 11:01 |

Post removed.Why?

Posted by ocbc > 2023-05-09 11:01 | Report Abuse

A further body blow came after UOB KayHian changed its call on Sapura Energy to “sell” from “hold”, and slashed its target price by 70%, from 10 sen to three sen.

UOB KayHian wrote: “We foresee further selling pressure given rumours of its distress and urgency to sell assets … The timeline to review covenant waivers is nearing, a low likelihood of selling assets at a decent price, continued losses, and potentially lower leverage to renegotiate covenants after changes in key personnel.

“While developments may be choppy, we assume a worst-case bankruptcy scenario,” the research house said.

Posted by DatoKembara > 2023-05-09 11:02 |

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Posted by DatoKembara > 2023-05-09 11:02 |

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Posted by DatoKembara > 2023-05-09 11:02 |

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Posted by BobAxelrod > 2023-05-09 11:03 |

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Posted by ocbc > 2023-05-09 11:03 | Report Abuse

No bankrupt lah, just 10 : 1 , 3 cents coming.....

Posted by DatoKembara > 2023-05-09 11:03 |

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Posted by Huangbk72 > 2023-05-09 11:03 | Report Abuse

Right Bob

Institutions are actively dumping shares.. thats a fact...

Lets see who will have the last laugh

Posted by BobAxelrod > 2023-05-09 11:03 | Report Abuse

UOB TO 3c??........PublicInvest TP only 2c.....hahahaha

Posted by rainman31 > 2023-05-09 11:04 | Report Abuse

The amount of fear created here indicates that something very big (must be good news... else these people will be talking otherwise) is brewing. Keep the fingers crossed.

Posted by DatoKembara > 2023-05-09 11:04 |

Post removed.Why?