Barakah also submitted exit 17 plan recently, price went up one fold while pending approval, if Sapura do the same by end of the month?

MCF is pushing the deal as soon as possible, they will enforce collect the 3 billion if the PRS fail to get approval within the agreed time frame....

Other creditor particular non local suppliers may may raise this to court if local suppliers received payment out from the PRS scheme

After sale of SAPOWV by Q125, money received must pay to creditor base on PRS, so PRS need approval creditor, before Court convent, it needs shareholder approval on the PRS, before that it needs Busar approval the plan which contain the PRS....busy busy month ahead

2 buy as for now, BIMB and UOB, BIMB is the fan of SAP, has been call buy since 2 years and never give up. UOB is the interesting one, look back his previous report accurately point out that the earlier exit Pn17 in 2025 year ago.

However bad news is the sale of sapomv delay to next year....delay again

When you saw Sapura appears in National parade, PNB won't leave SAP behind I guess.

First buy call since it fall in PN17...sign of recovery...

Singapore court granted the gas company to challenge at arbitration, however they can't carry out now...haha deadlock

From a report, is a foreign oil and gas players challenge the proof of debt, court has granted them to challenge at arbitration...yeah seems like SAP force it through, very challenging situation

The sales of sapomv....no news so far, on track? I believe this will be the catalyst

Just wait for the news on about the restructure, green or red done not make any different for a 11 billion debt PN17

It was reported by the edge, not inside news?

MOSG asked Gav to allocated 1.5 billion in 2025 budget for Sapura restructure and pay...

Velesto not included, although it also owns by PNB...too sad lose to PN17 Sapura

It is in the group of GLC together with Duophamar, SP setia, and MNRB

Why Sapura included....lol, really not making sense while it still stick in dire situation...

The only Pn17 company in the parade, the only reason SAP was invited because the has the bigger amount of debt in Malaysia 15 billion..lol

Malaysia, both GLC and GLIC are important to ensure that economic development can be implemented in an orderly manner...sapura is one of the important GLC.

This does not guarantee the share will update, however it does show SAP playing big role in Madani economy blueprint

Surprisingly Sapura was invited in today morning national parade...a p17 and going to bankrupt corporate??

I don't think SAP dare to deceive court, the confirmation from white knight can be noted in the submission to court for extension. SAP need to submit 75% creditor support doc. You can doubt their capability to achieve it. You are st..pi if you think their announcement are fake.

2000 contractor waiting their pay cheque, SAP generated 1 billion cash balance but don't want pay them, so they should know that court will always on SAP side...

PNB continue selling...

Worst still, if this is just the beginning, loss is around 4-5 billion..

26 million is a big amount.... significant ly impact the distribution, there are other loss from this selling also like carrying cost

What if it is private fund house and execute such stunt, perhaps you will be the first to condemn and fire the CEO. If the CEO announced the losses is peanut, I believe next day will be flooded with withdrawal..

Tomorrow blood bath?

AGM around corner, however not putting mush hope on it...needs to wait for update regarding the OMV sale

SAP share price too low for them to accept, future is uncertain...just need gov step in and said will work together SAP without spending a penny..confident of creditor will regain..

This is the fact, no supporting UMNO or PKR, just fact

Simple, with 15 billion debt, PMX stop the rescue and request SAP sell assets to pay debt...what can they do??

SAP request 5 bil, but this CEO only gave 3 billion, this is why SAP need to sell assets...

PNB is under government and largest fund management, they should have access the insiders news, it is 7 wonder why they still holding a PN17 company few years, previous CEO said investment amount on SAP is peanut, but he didn't withdraw and leave it bleeding from 20cent to 10 cent to 0.35 Sen still hold tight tight . ...

PNB holding 40% interest in a PN17 company, a lot pressure to manage it, if let go surely create a lot social problem, if not let go bleeding everyday. If PNB don't want to salvage SAP, it will let's go this PN17 company long time already

Yeah, this is an interesting development. However no announcement regarding this contract, instead they more focus on new. JV decommission.

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

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

Now only after the sale of sapura OMV arm than only price can move, guess around year end lo. Moving forward CEO can not blame legacy project if no profit..

No access to new fun is problematic, ONGC is the last legacy project, finally has completed, however now lumut yard utilisation is 5 %

Refer annual report...new target date

Delay to next year

Need to fire all the worker at lumut yard, since no fund no project at least another year..

I speculate extension from Bursa no issue, problem is the order from court..there are least 10 subcon sue SAP, if no extension from court, CDRC will not extend also, in the last report few subcon still not willing agree on the restructure arrangements,

No access to new fund, no new job sure died slowly...

After 6 months since creditor agreed on the restructure, still not able to provide detail....need to close shop E&C, lumut yard utilisation 0.1% after ONGC complete.

Would court grant extension again? Those subcon receive nothing, those loan shark collect interest daily..however subcon outstanding perhaps only 1bil which can be pay by SAP immediately by selling some assets. Instead after 3 years ++, receive nothing because of Court restrain order ..

Without funding like this, not doing good for SAP,

Still got 6 trading days before due date...is time to guess how long is the extension

2 weeks left.....haha.

Delay again..

No new job for lumut yard...