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
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.
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,
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.
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
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.
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.