You tell me, if Sapura bankrupt, what do you think will happen to all khazanah, pnb and epf investment?

You still did not reply me

What do you think will happen to khazanah/pnb/epf investment if sapura close down?

Dont pusing to ph or what rafizi said in the past

Are we really willng to take the hit?

Easy to be rich bumi. No accountability. My friend worked in GLC before, the rich bumi have it easy. They just work there because they're bored at home. They get full pay and benefits, but they only come to office once or twice a week. The workloads that they are supposed to do will be passed on to the normal workers. They can even demand Apple brand for their work station. If stress they'll take their private plane to anywhere around the world without taking any leave.

Najib gave the same reply, and what PH answer that time?

Last time can take hit, but this time cannot. Mean our financial status is worse under Madanon as compared to Najib's era?

Najib gave the same reply, and what PH answer that time?

Last time can take hit, but this time cannot. Mean our financial status is worse under Madanon as compared to Najib's era?

MOF injects RM1.1 bil to settle Sapura Energy's debts

KUALA LUMPUR (March 11): Debt-laden Sapura Energy Bhd (KL:SAPNRG) has received a lifeline in the form of a RM1.1 billion investment from the Minister of Finance (Inc) through its special purpose vehicle Malaysia Development Holding Sdn Bhd (MDH).

In a filing with Bursa Malaysia on Tuesday, Sapura Energy said MDH will be subscribing to its redeemable convertible loan stocks worth RM1.1 billion, subject to certain conditions.

The monies have been earmarked exclusively for settling what Sapura Energy owes its vendors

part” of its restructuring that would see a capital injection of up to RM1.8 billion into the Sapura group through a subscription of redeemable convertible loan stock.

Last month, Sapura Energy, a Practice Note 17 (PN17) company, secured its creditors' approval for its proposed debt restructuring scheme involving Sapura Energy and its 22 subsidiaries to address RM10.8 billion owed to nine lenders of its multi-currency financing facilities and RM1.5 billion in outstanding trade creditor payments.

Following that, Sapura Energy also obtained the court's approval last Thursday for the debt restructuring plan.

The funding and court-approved debt restructuring plan form part of Sapura Energy’s regularisation plan, as the company works to exit its PN17 status and reposition itself for long-term growth.

“We are diligently working on a robust regularisation plan, which will bring us one step closer to exiting our status as a PN17 company,” Zamri said.

“We see Sapura Energy’s turnaround as part of the revitalisation of the Malaysian OGSE (oil and gas services and equipment) sector, ensuring it is better positioned to support the nation’s energy security and sustainability goals, ultimately contributing to Malaysia’s economic development,” he added.

Shares of Sapura Energy closed unchanged at 3.5 sen on Tuesday, with a market capitalisation of RM643.2 million.

For the first nine months of FY2025, Sapura Energy posted a net loss of RM342.96 million, compared to a net profit of RM213.18 million a year before, while revenue increased 10.6% to RM3.54 billion from RM3.2 billion.

As at end-October 2024, the group’s borrowings stood at RM10.73 billion. Trade and other payables totalled RM5.18 billion, while cash, deposits and bank balances stood at RM1.79 billion. Its accumulated losses increased slightly to RM17.53 billion from RM17.24 billion.

The group’s order book currently stands at RM6 billion, while its joint ventures hold an additional RM5.8 billion.

source

You still did not reply me

What do you think will happen to khazanah/pnb/epf investment if sapura close down?

Dont pusing to ph or what rafizi said in the past

Are we really willng to take the hit?

PH answer last time was Forensic audit, famous words by them

FYI Sapura Energy CEO one day salary RM200,000. One day only and it's excluding perks.

Bodo government, seriously bodo.

You tell me, if Sapura bankrupt, what do you think will happen to all khazanah, pnb and epf investment?

I help answer for him.

So smart, use khazanah, pnb and epf investment as a blackmail operation to get more bailout?

The government might as well give that money directly to khazanah, pnb and epf investment and cover their losses with those bailout money.

Easy to be rich bumi. No accountability. My friend worked in GLC before, the rich bumi have it easy. They just work there because they're bored at home. They get full pay and benefits, but they only come to office once or twice a week. The workloads that they are supposed to do will be passed on to the normal workers. They can even demand Apple brand for their work station. If stress they'll take their private plane to anywhere around the world without taking any leave.

bUt WHaT AboUT oUR EPF iNveSTmenT ?

You still did not reply me

What do you think will happen to khazanah/pnb/epf investment if sapura close down?

Dont pusing to ph or what rafizi said in the past

Are we really willng to take the hit?

What is the role of khazanah/pnb/epf?

Are they supposed to be like a bank?

At the end of the day a lot of GLCs are linked to a lot of things

We can of course let those GLCs bankrupt but are we willing to face the impact?