No significant progress update on restructure, so it is doom. Seems like not able to meet Nov and Mar due date...after 3 years creditors still not willing to give way, will they able to strike a deal in 3 months unlikely.

SAP also not care, start diversment and restructure plan with or without agreement from creditors

3 years of negotiation with creditors still not able reach a principle agreement, ....seem like just waiting Gov step in
.

The CEO accepting the challenge to turn around a 15 billion debt which inheritance from the ex-CEO sharill ..he should be part of Finance Ministry department

With such terrible situation and cash trapped company still can secure billion of billion contract, cash balance also improve gradually.

The management teams have done a fantasy job, it is a role model for othe GLC company.

Look at the winding petition cases SAP receive, but the team still stay strong and stay with the company since the restructure started few years ago...

Sapura Energy’s debt restructuring efforts, which underpins its regularisation strategy, are progressing positively.

Without the principle agreemey by Nov, will Bursar accept the regulisation plan, after 2 years of extensions, would Bursar extend again...

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of SEB and to de-list the Company in the event:

(i) the Company fails to submit its regularisation plan to the relevant regulatory authorities on or before 30 November 2023;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

Risk is very high now...delisting..CEO target to close a principle deal by end of year..

No progress update on restructure...fail...delisting by end of Nov and winding petition all linining up in Mar24... it must finalize immediately and required few months to execute it

If SAP not able to submit restructure plan by the due date, it will become 0 sen and delisted, but if he manage submit, sky is the limit.

Doom is more likely, but you never know unless you are insider..any significant good news from restructure progress will send it to the moon, else....fell to hell...

Anytime from now, doom or boom, haha

@singor, u sound like the deal with creditors still far from reach!!!

Less than 5 days, QR and Restructure updates, mmmm...a bit quiet...good or no good sign....

Crazy sell emerge aheand of QR, not a good sign......

Results will be out in days and due date for restructure is close. No crazy sell from insider, good sign.

From the recent development from the current gov, seem like wanted get rid off GLC. Not surprised they just sell off Sapura to willing buyer.

Yeah loh, very soon only few trading days only until QR result and 1-Oct, if still no significant improvement on restructure progress, price may collapse, else it may skyrocket. Few days only hold your breath now temporary.

Very soon, boom or doom, who is stuped...haha very soon, let see..will it delisted or overcome the challenge. Very interesting.

Only left 1 month 3 weeks...I believe the deal has been seal at this time, getting all necessary approvals else how they going to make it!!!

Recently up around 50%, no sell down by insider should consider positive, I guess news should leak to The Edges soon in weeks

Only left 2.5 months, if EGM is required, after reduce 1 month noticefication, only left around few weeks only to finalize the restructure plan with creditors.

No crazy sell mean good news leg...

Restructure plan still need to submit by end of Nov, else delisted.

Of cause this extension allow the carry out the restructure plan without interruption.

Soon very soon, very close to due date now, no crazy sell down still got hope else bye bye.

The white knight from middle east, Im not sure but gov really simple sell cheap to middle east company, I may be wrong but I don't think so. I guess gov will stop this deal...

The moment bank wipe out the billion from o&g service eco system, what would happen to SME, bankrupt 1 by 1 la...

Just speculation, it just too big to fall, bank will suffer, but the worst are those sub contractor, and staffs...after bank monetize all the asset, nothing will left to sub contractor, staff will lose their job,

It they can't resolve PN17 then follow by 15 billion debt hair cut, they will delisted by bursar...what RI or share consolidation.
..lol

Haha, why bother about RI or consolidating share.

The imminent problem is PN17, and restructure 15 billion debt...it is really funny ....lol

From the Car industry, it become so competitive in Malaysia with the floor of china Car and EV car. I guess Bauto is downhill

No need model for Mazda, and still depend on only Hot sell cx-5, but with new X90, toggo 8 rival

Kia ....new Sorento less than 6 months from launch, now offer 8-10k discount, do you know how desperate are them...EVwill lose to Tesla Brand...

Peugeot is just dying， no need explained.

Bauto need new hot car

Yeah, insider may have start selling like crazy if no concrete deal in Sep, bursar may not extend again announced delisted date...pp will not wait until Oct to act...boom or doom in next month will reveal.

I presume SAP need EGM approval prior submission to BNM, and it it may need around 1 month noticefication. So must close the detail I Oct, insider may aware about the deal earlier perhaps in Sep. So the price in Sep will determine the fact no need waiting until Nov. NOV may have tactical retreat due profit taken or sell on News.

I guess BNM will no longer extend, if no submission by then it may delisted. Restraining order mean nothing for shareholder, but SAP still can operate without interrupt until order expired.

1 month left....boom or doom..heaven or hell

PNB consolidated automative business, left pocket to right pocket, would it do the same for oil business...

Maybe he realizes that all his comments are misleading and incorrect.... perhaps he is buying now..haha

Very soon, doom or boom, regulator loss patient. SAP started fren with minister mi isters.

CEO always said no need gov help, after dragging 2 year ++, recent interview show that CEO started the narrative how Malaysian needed SAP, how much tax they have paid, how much salary to Rakyat and how many Malaysian and Sub con needs them...

Either doom or boom, not far from now given the due date is Nov..2 months left only. Insider will always act earlier

SAP price never move even the oil price close to 80-90 last year....

SAP problem is PN17, cash flow and, soon they may settle by Nov with EGM

Price will only react to the restructure news not oil price.....

May get some attention as The edges speculation news,..

Given that for EGM, around 2-3 weeks in advance notification is required, so SAP need to submit in Oct and the plan shall be seal by end of Sep...not far only 2 month left

Maybe PM will attend AGM.. hahahaha

Situation seem much more better now based on recently news, perhaps more good news on 26. But it just not out from the wood yet ..not yet.

Sapura Drilling hires Maersk as training and upskilling provider for its workforce

SAP is executing Gov requirements in full speed...haha

Now SAP is good fren with gov, after transport minister, than Deputy PM, today shake hand with Economy Minister..the case management supposed held in Aug, why rush to cancel the appeal, ...

Seem like gov and Sap strike a deal, now just execute.

If want to sign, sign after SAP survive from restructure, else wasted money for this MOU, what are their cooking.

Really not making sense..a company can't pay contractor years already, still manage to sign MOU with Gov to invest 1.5 million to train and hire Malaysian...haha..gov never do due diligence, signing MOU with a company can't pay their debt..Deputy PM and other minister attended the signing ceremony.

So many high profile visit and shake hand with SAP recently....is this a sign of a company going to bankruptcy soon...haha

Sign a MoC with PN17 company, 15 billion debt ..waht is the gov planning

SAP so busy, visited by so many Minster, Deputy Prime Minister, Transport minister and other......

Wow, some more so brave to committed to invest 1.4 million to train Malaysian workforce. But can't pay contractor...haha

SAP a PN17 company and unable pay contractor, potential bankruptcy in next few months, why gov sign MOU with thisk kind of company..haha. make it a good reason to rescue??

Sapura Energy Berhad has strengthened its commitment to developing a skilled Malaysian workforce through its expanding Technical and Vocational Education and Training (TVET) initiative. We signed a strategic Memorandum of Collaboration (MOC) with the Government of Malaysia, solidifying our alliance for the nation's human capital growth.

As one of the largest employers in the oil and gas services sector, we are determined to reduce reliance on foreign labor while ensuring competitive remuneration for our Malaysian workers. Despite financial constraints and operating challenges, our Group CEO, Datuk Mohd Anuar Taib, expressed unwavering dedication to providing training and work opportunities for the skilled and semi-skilled Malaysian workforce.

Sapura meterai MoC untuk perluas program TVET

Seems like a good deal for gov..

......all also gov assets, sapura fail, gov lose also, vel also gov assets....

PETRONAS save SAP, or SAP bankruptcy, which scenario is better for Gov and Malaysian? Which scenario will cost less?

If the SAP success, bank will need to bite the lose, so as the supplier and SAP.

But if SAP fail, Bank will take all the asset include oil assets, supplier will be bankruptcy as nothing left for them.

Regulator lose their patient with SAP, do or die, last date is in Oct. They need to finalize by this or next months, than going for approval in Aug and Sep...

Let see how the market react tomorrow