Malaysia s Sapura Energy Lands $303 Million in Contracts for Offshore Projects oedigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oedigital.com Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: Loss-making Sapura Energy Bhd has appointed restructuring specialist Cosimo Borrelli as its director effective last Friday, just two weeks after it announced its massive debt-restructuring exercise.
AS one of the largest corporate debt restructuring exercises in recent years is about to begin, it begs the question of whether some local companies have taken on too much debt prior to the pandemic.