@kyliew, what is their agenda? To ensure lender agree on the write off?

Is it a trap or opportunity!!!

Extension is not good news....anyway Market respond positively.

This is gonna scary...are they able to get extension?

At this stage, still no volume....very likely request for extension.

Need to submit for extension..

No news about the detb restructure, it only left 1.5 months before the standing instructions expire, volume remain low ..

PSb announced lowest dividend, if SAP not able to restructure next year.....PSB may declare further lower dividend....no reason for Bumi keep the money in ASB...some of them may start to withdraw...this will make the situation worst...

KYY rate Sapura 'middle' compare among other O&G stocks...

They need wrap up the restructure by next month....not many days left..

Very close to due date, SAP may need to wrap up debt restructuring by Jan. Insider will started buy in Jan if good news. 70%write off mean save 420 million interest...

600 million financial cost per year.....if not resolve this, 100% rig utilization also useless....

Extension of RO expire soon around 3 months, it reported that pod close to end, I reckon SAP would not request another extension

Hassan should replace PETRONAS CEO, create heatthy market

Rafizi is sued by ex-founder SAP.... definitely he will step in, whether is positive or negative remain uncertain.

2 months has passed since they submitted the draft and had met with the lender.....how long still needed....they have started this since mid of the year, then asked BNM help in 3rd Q....hope to conclue soon, only can hope

Few month before due date, SAP still keep silent about their restructure progress....

How the oil industry evolve, world are still using oil, but money is run away, no one want spend million investment to drill new field, worry after spend billion drill and setup station which need 3-6 years, oil demand drop.

3-4 months left....very close to deadline.

People willing sacrifices Ukraine people life so that can peace can be restored.

This is selfish, ukrain who live under occupied by Russian being kill, rape, torture.

When you ask for peace, please don't forget those Ukraine PEOPLE who live there peachfully before the invasion.

If BNM fail to kick foreign Bank ass, then foreign Bank will kick SAP ass. New gov also need to kick foreign Bank. Z openly support Rescue SAP, rescue may become UMNo manifesto...haja

SEB is expected to submit a proposal for a restructuring of its debts within 60 days from 1 September 2022

3 weeks left

Debt restructure + PP is best recipe, BNM kick the foreign Bank Bank

Certain foreign banks not agreed on the debt structure proposal...can BNM kick their ass..haha

Sell 3 rigs as scrap metal also can gain 7 million, lol...assets impairment overdone....

PNB 41%, Sapura Brothers 18%
Only left 41 for institute and public..

Under the restructure plan with the 10 lender to extend 7 years, PNB committed not to sell it's stakes....

If gov not step in...how SAP can pay dividends, only 3-4 billion backlog for 23 financial year, let alone 30-40% are legacy contract which is making loss...India losing contract almost certain drag to next year...

PNB will loss all and pay tiny if gov not step in.

It is gambling for SAP, bet whether gov will step it or not, either open big or small. Forget about TA, FA or WB ....haha

Putra Business School Assoc Prof Dr Ahmed Razman Abdul Latiff believes should the fund manager decide to keep its purse strings tight, it can withstand the loss from its investment in the O&G support services provider as Sapura investment accounts for less than 1% of its assets under management (AUM).

3 billion is a big amount, PNB never said it is small amount. But it is withstand the loss because it only represent 1% of PNB portfolio.

The problem is if PNB loss the 3 billion to rescue SAP, who is accountable why use GLC Fund to bailout SAP.

PNB average 10 billion net profit per year, in the event SAP bankruptcy, the dritribution for that year will be impacted. Than why using Bumi saving to bailout SAP..

Gov will not let SAP down, rescue plan definitely is around corner ...

PNB stuck in SAP long time de, they can't sell their stakes...but it does raise eyes brown, why increase stakes? SAP a PN17 and unable to pay debt....even they succeed in the haircut, but don't expect any dividend untill 2024...MoF announcement soon?

120 million, more drama next? Which agency step in? Another rebate between Anwar and Najib...lol

Contract worth 580 million....1 year only 290 million, jv only 145 million...than what is the margins.....not enough to cover the 500 million loan interest, don't mention about pay down principle.

PNB still pump money into PN17 SAP who can't pay their debt. Gov will intervene else PNB will lose 3-4 billion. Inform Rafizi about this fast fast....lol

The edge should question PNB CEO again, why invest in a PN17 company and risk to lose all if SAP bankrupt....

or call another another debate with PM or Najib again, PKR need to save PNB fund investor....

Rafizi not agree bailout SAP, now PNB increase their stakes daily, if SAP bankrupt, at least lose 4 billion....time is running out, inform Rafizi to make police report.

Bloody hell!!!!! PNB buy again, time is running out, anyone please inform Rafizi , make police report.

PNB buying again???? Fast fast inform Rafizi...

4 million is nothing for PNB who has lose 3 billion to rescue SAP...but despite disapproval and outcry from the public still throw another 4 million into the sea a PN17 company.

It make no sense, pls inform Rafizi so that PKR gang will make police report...

A lot of small bilis like ahnad, ah know and maniam have invested in PNB fund, pls inform Rafizi to save their saving.

Fast fast, PNB move dose not make any sense, increase stake in a PN17 counter SAP......lol

Pls report to Anwar and Rafizi, despite their disapproval, PNB deliberately invested additional 4 mil into SAP.

After lose more than 3 billion , PNB never learned and invested more into a PN17 counter, A GLC PNB going lose all in the event of bankruptcy. Are PNB officer gone crazy

PNB fund investor, pls report police, else you going lose your hard earned money.

It seem like Gov going to bailout SAP soon or PNB going lose more...fast fast inform Rafizi before too late


“I had disagreed with the decision by the Dr Mahathir Mohamad-led PH government to inject PNB funds to save Sapura,” Rafizi said said in a statement.

How dare PNB invest more money in a PN17 SAP after lose billion....pls someone inform PKR or Rafizi,.Rafizi not agree on bailing out SAP...all the PKR be ready to make police report ....lol

Petronas is the next...or MOF??? Or EPF..?? Very interesting

PNB lose their mind, after lose billion rescue SAP, PNB deliberately pump more money into SAP last week...lol

What next...

PNB is confirmed invest another 4 million into SAP...where are those who having different opinions, raise your voice lol...haha

Despite the outcry from certain group and PKR deputy and president..

PNB inject more money into SAP... something brewing..

Saya tak setuju keputusan PH guna dana PNB selamat Sapura,’ Rafizi beritahu Najib

What would PKR or Rafizi do when they find out more money inject into SAP from PNB....very interesting

In May, The Edge raised a question 'PNB has since lost almost 90% of its investment undertaken just during the rights issue, excluding its earlier stake.

Why were all these decisions made at PNB for what was earlier a very small investment in Sapura Energy, when it was already clear the company was running into a business and financial crisis?'

PNB inject another 4.5 million despite criticized by public. The Edge should ask PNB again

PNB was attacked and complained by opposition and other rescue SAP by injecting billion, and lose 90%.

Najib mum gov rescue SAP because PNB Bumi holder saving are at risk due to huge lose in SAP

There are many report question PNM about the bad investment strategy on SAP.

At this point of time PNB invest another 4 million .....it does mean something.

PNB increase 0.6% or 4.4 million....pNB average down...haha.

Seems like gov started step in