Potential white knight for Sapura Energy upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Sapura Energy Bhd said the High Court of Malaya has granted the company and its 22 wholly-owned subsidiaries an extension of nine months from June 11, 2023, to March 10, 2024, for the Convening and Restraining Orders for its proposed debt restructuring.
KUALA LUMPUR (May 9): The better-than-expected industrial production index (IPI) in March 2023 signalled a sustained expansion in the gross domestic product (GDP) for the first quarter of 2023 (1Q 2023), MIDF Amanah Investment Bank Bhd said. Citing data released by the Department of Statistics Malaysia (DoSM) earlier today (May 9), the investment bank said Malaysia’s IPI continued to expand by 3.1% year-on-year (y-o-y) in March 2023 from 3.5% y-o-y in February 2023 and grew by 2.8% y-o-y in 1Q 2023 versus 4% y-o-y in 4Q 2022.
KUALA LUMPUR: Sapura Energy Bhd, which posted a net loss of RM3.3bil in the fourth quarter ended Jan 31 (4Q23), will continue to implement its Reset plan to address unsustainable debt and resolve overdue claims by trade creditors.