Sapura Energy tops active list on Bursa in early trade
At 9.43am, the counter gained half a sen to four sen, with 82.12 million shares changing hands.
In a filing with Bursa Malaysia on Monday, the company said the proposed regularisation plan entails capital reconstruction, debt restructuring, fundraising, and an exemption.
Sapura Energy first requested an extension on May 31, 2023, with the latest application made on December 17, 2024, seeking a further six-month extension until May 31, 2025.
Approval of the plan requires Sapura Energy and its principal adviser, MIDF Amanah Investment Bank Bhd, to fully comply with the relevant provisions of the Main Market Listing Requirements. — Bernama
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