Sapura Energy Bhd has appointed a former top staff of Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) and Petroliam Nasional Bhd (Petronas) into its boardroom, amid talks of merger between Sapura Energy and MHB — a unit of Petronas. The company announced that MHB’s former managing director and chief executive officer Wan Mashitah Wan Abdullah Sani has joined the board as an independent and non-executive director. (The Edge)
3.5 cent was a good buy indeed, can't wait for good news to emerge before buying. When they press down, they were buying, sell to them selves, create panic, many were shouting loud wth negativity, still remember?
@thetruthstory...don't be too worried about it. It's actually called SHIVERING... It must be on the Racist post he conveniently deleted... thinking the Racist post can go away by deleting it.
PETALING JAYA: Sapura Energy Bhd’s share price jumped 14.3% on the morning trade today, or 0.5 sen to 4 sen as at 9.05am.
The stock was the third-most active counter with around 4.13 million shares traded at 10.33am.
Amid talks of the group’s possible merger with Malaysia Marine and Heavy Engineering Holdings Bhd (MHB), a unit of Petroliam Nasional Bhd (Petronas), Sapura Energy has made several appointments from entities related to the latter.
Last Friday, Sapura Energy announced that former MHB managing director and CEO, Wan Mashitah, had joined the board as an independent and non-executive director.
In their filing, the group highlighted her experience as CEO of E&P Operations and Maintenance Services Sdn Bhd from Mar 31, 2022 to Sep 30, 2022, during which she “helped to (transition) the company from a wholly owned subsidiary of Petronas to a privately owned company”.
Additionally, Sapura Energy announced that Nur Iskandar Samad, a Petronas veteran, was appointed as an independent and non-executive director.
Iskandar held several senior managerial positions with Petronas during his 41 years of experience in the oil and gas industry, including CEO of Petronas Fertiliser (Kedah) Sdn Bhd and senior general manager of the group’s human resource management department.
It was previously reported that 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 sources who spoke with The Edge.
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
B40Forever
268 posts
Posted by B40Forever > 2023-05-29 09:07 | Report Abuse
Ba-bi naik pulak SAPURA ni. woi Cutloss saja laaaa!!!