Posted by intansri > 2 months ago | Report Abuse

It is stipulated in the Approval that Sapura Upstream Assets Sdn Bhd is to complete the Proposed Disposal simultaneously with the divestment of OMV Exploration & Production GmbH’s shares in SapuraOMV to TotalEnergies Holdings SAS no later than 31 December 2024. If the transactions are not completed by the said deadline, PETRONAS reserves its rights to revoke the Approval. Any effort to continue with the Proposed Disposal after the said deadline shall be considered as a new separate transaction which shall be subjected to PETRONAS’ written approval.

It is company announcement today as my opinion that creditors may have to accept hair cut for company on going concern practice, otherwise the deal of OMV may call off under new corporate exercise arrangement.

Posted by intansri > 2 months ago | Report Abuse

If creditors accept hair cut then they can take the money to make back from some where, or they refuse and demand more then all will sink together

Posted by Robert Waters > 2 months ago | Report Abuse

This counter will not be allowed to go completely under. And miss lee is the new wizard that will perform magic on the assets to make them disappear from the books.

Posted by intansri > 2 months ago | Report Abuse

Who collected this shares today will make a fortune

Posted by intansri > 2 months ago | Report Abuse

KUALA LUMPUR: Sapura Energy Bhd was the most actively traded stock on the market today after it said it secured Petroliam Nasional Bhd's approval to sell its 50 per cent stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$530.3 million.

Some 75.9 million shares changed hands in the first hour of trading.

The stock hit a high of 5 sen before settling at four sen.

Its 52-week high was seven sen.

In a filing with Bursa Malaysia Securities on Tuesday, the company said on June 10, 2024 it received the approval from Petronas for the change of ownership in SapuraOMV of production sharing contracts for SK310, SK408 and SB412 with effect from Jan 1, 2025

The approval states that Sapura Upstream Assets Sdn Bhd is to complete the proposed disposal simultaneously with the divestment of OMV Exploration & Production GmbH's shares in SapuraOMV to TotalEnergies no later than Dec 31, 2024.

If the transactions are not completed by the said deadline, Petronas reserves its rights to revoke the approval. Sapura Energy said any effort to continue with the proposed disposal after the deadline shall will be as a new separate transaction which shall be subjected to Petronas' written approval.

Posted by intansri > 2 months ago | Report Abuse

Good news why investors keep selling

Posted by johnny cash > 2 months ago | Report Abuse

THE MA..YS CEO S AND OTHER LEADERS IN THE PAST HAS SPOILED UP, AND DAMAGED THE COMPANY VERY VERY VERY BADLY. ACTUALLY IT S TOO LATE ALREADY, JUST WAITING TO TUTUP KEDAI ONLY.. CAREFULL YO WITH THIS COMPANY NO PROFIT SO FAR, BADLY RIDDEN WITH DEBTS..
SO MANY OTHER COUNTERS ARE THERE

Posted by johnny cash > 2 months ago | Report Abuse

Corrupted lazy ma...ys leadership has spoiled up this company badly, carefull guys

Posted by limch > 2 months ago | Report Abuse

Market bullish lately SapNrg still going down?

Posted by intansri > 2 months ago | Report Abuse

I also suspect the best deal for this creditors is the preference shares to solve the outstanding debts

Posted by Nikmon > 2 months ago | Report Abuse

I guess Q125 won't be good due to ONGC..

Posted by joyvest > 2 months ago | Report Abuse

At last,The pusxy cat meow can hold her head high for this stock in her sinking portfolio.

Posted by prince4 > 2 months ago | Report Abuse

resctructuring

Posted by prince4 > 2 months ago | Report Abuse

consolidation SHARES with new RI shares

Posted by Mabel > 2 months ago | Report Abuse

As long as PNB still there and our cost is below them we can continue goyang kaki..

Aim for Capital appreciation next year..

Waiting to collect more below 4 sen.. Not easy though..

Posted by Cockcroach > 2 months ago | Report Abuse

Colleted at 0.04 again. Now holding 2k lots in total .....better be good Sapura

Posted by speakup > 2 months ago | Report Abuse

2000 lot is only rm8k. Nothing to shout about bro

Posted by SinGor > 2 months ago | Report Abuse

Only PNB take loses from Both Side as Bank Owner and SAP majority shareholders.
Put SAP under Liquidation, PNB will lose around 5--7 bil or more
That is why PNB appointed the best of the best O&G directors to SAP Board ( beside kicking Out ALL
Shahril's MaCai )

Posted by Cockcroach > 2 months ago | Report Abuse

2000k lots is 2000,000 units i mean. Not a lot for most of you. Betting on this

Posted by speakup > 2 months ago | Report Abuse

Did I hear Bet?
Welcome to Casino De Bursa

Posted by Mabel > 2 months ago | Report Abuse

Warren Buffett Increases Occidental Stake to Nearly 29% with Nine Consecutive Days of Purchases..

Now Mabel waiting to collect more at 3.5 sen...

Meow

Posted by Robert Waters > 2 months ago | Report Abuse

This stock, sure looks like a bargain right now. Too bad I see people that usually get it wrong here. Specially those with very high level, general comments. Not able to research a company in detail.

Posted by SinGor > 2 months ago | Report Abuse

https://oilprice.com/Energy/Crude-Oil/80-More-Years-of-Oil-The-Big-Attraction-of-Carbon-Capture.html
___________________________________

Oil survive another 80years---DonT dump your Proton Saga yet

Posted by Cockcroach > 2 months ago | Report Abuse

speakup

Did I hear Bet?
Welcome to Casino De Bursa

Isn't this is all about? Haha...
I have faith in this bet. Just keep

Posted by Sslee > 2 months ago | Report Abuse

The debts restructure drag on for soo long is because the creditors expect the rich daddy/tax payers' money to bail out this company and hence reluctant to accept the haircut.

Posted by SinGor > 2 months ago | Report Abuse

AirAsia is 8 months ahead of SAP in restructuring proposal---If so easy everybody can
do it

Posted by Sslee > 2 months ago | Report Abuse

CapitalA lessors can just pull out their planes if capA late in paying lease liabilities. So why would lessors accept any haircut?

So do you think AAX can bailout capitalA?

Posted by SinGor > 2 months ago | Report Abuse

Tony Bare Chest is worthy Collateral???

Posted by joyvest > 2 months ago | Report Abuse

It is not a matter of cheapness but a matter of worthiness. It doesnt seem to be worthwhile no matter how cheap it is !

Posted by SinGor > 2 months ago | Report Abuse

I think SAP schedule of repaying / HairCut to Banks should be known when New PNB
CEO from CIMB takes over on July. Madam Lee might need 6months to repackaged
25% of SAP Loan bcos 75% Bankers already agreed to HairCut----MayBank plus
CIMB holds the largest of the 10billion Loan----PNB as largest shareholder of Both
Banks really gets hit real Hard

Posted by Baby Shark > 2 months ago | Report Abuse

Zero project counter,,

Posted by Mabel > 2 months ago | Report Abuse

Nice...Today Managed to collect more at 3.5 sen...

Meow

Posted by newbie2018 > 2 months ago | Report Abuse

So few transaction 3.5 sen done. May I know which IB Mabel using?

Mabel

Nice...Today Managed to collect more at 3.5 sen...

Meow

37 minutes ago

Posted by newbie2018 > 2 months ago | Report Abuse

QR why still no news any sifus know?

Posted by Mabel > 2 months ago | Report Abuse

Mabel used Maybank..

Mabel queue long time oledi until Mabel's Blonde Hair turn white...

Today some nice Uncle and Aunties decided to sell.

Just put your queue when your time cum you will get your order..

Meow

Posted by newbie2018 > 2 months ago | Report Abuse

I also use Maybank but cannot get.

Posted by Mabel > 2 months ago | Report Abuse

When did put your queue?

First cum first serve..

Posted by newbie2018 > 2 months ago | Report Abuse

6.00 am(everyday) already in queue.

Posted by Mabel > 54 minutes ago | Report Abuse

When did put your queue?

First cum first serve..

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $86.01 +0.77 +0.90 %
Heng ah, Ong ah, Huat ah !

Posted by Mabel > 2 months ago | Report Abuse

newbie2018 6.00 am(everyday) already in queue.

Posted by Mabel > 54 minutes ago | Report Abuse

When did put your queue?

First cum first serve..
24/06/2024 10:08 PM

This is not the right way. YOU should queue with Limit and Good Until...not per Day...

This way your queue will be automatically updated by the system and you will not loose your queue ...

Call up your Remiser. They should be able to guide you how to do it..

All the best...

Meow

Today Mabel put another queue with Good until ....

Posted by Mabel > 2 months ago | Report Abuse

....at 3.5 sen...

Posted by Mabel > 2 months ago | Report Abuse

bullrun168 Walaoeh, oil price spike up like mad !
Brent closed at=> $86.01 +0.77 +0.90 %
Heng ah, Ong ah, Huat ah !
25/06/2024 8:37 AM

Meow Meow Meow

Posted by Baby Shark > 2 months ago | Report Abuse

Bosses salary toooooooo high..

Posted by callgirlinjaipur > 2 months ago | Report Abuse

URL:- https://escortservicesingurgaon.in/call-girl-in-jaipur/

Posted by SinGor > 2 months ago | Report Abuse

BRICS de-dollarisation will cause US dollars to weaken significantly in say 5 years time. If current trend continue
i.e more countries join BRICS to use local currencies for trade, many currency traders say Ringgit will hit 3Rm =$1
in 3 years----and worst thing could happen soon ( how USA to pay 1trillion I.O.U in 2025 if BRICS keep selling US treasury) Bankers US$ loan to SAP may actually De-valued. Bankers might ask SAP to pay in ringgit ( management can show "them" the middle finger )

Posted by TalkNumberOne > 1 month ago | Report Abuse

haha singor share some more solid info please. This one so far away future. If 2025 sap not out of the wood then be very very concern

Posted by zenbeginner > 1 month ago | Report Abuse

People realising SAP can't be saved? now down to 3.5 cts . Tp only 2cts......

Posted by Nikmon > 1 month ago | Report Abuse

Result mist be terrible, drag until end of the month on release...

Posted by haziqaz > 1 month ago | Report Abuse

Direman SPRM Mohd Azlan direhatkan, Sapura Energy lantik Shahin Farouque sebagai pengerusi interim

https://thecorporatessecrets.com/blog/2024/06/26/direman-sprm-mohd-azlan-direhatkan-sapura-energy-lantik-shahin-farouque-sebagai-pengerusi-interim/

Posted by SinGor > 1 month ago | Report Abuse

chairman appointed by shahril---better kick him out.....prolintas directors all umno man---no one signed Qr
released, Let me sign