Latest News
Sapura Energy deems RM4b cash call a ‘success’
Date: 23.01.2019.

Sapura Energy Bhd has “successfully” raised about RM4 billion from its rights issue that closed on Jan 16, though the rights issue of new ordinary shares sweetened by free warrants under the exercise was undersubscribed. The cash call also involved a rights issue of Islamic redeemable convertible preference shares (RCPS-i).

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Sapura Energy raises RM4bil via rights issue
Date: 23.01.2019.

Sapura Energy Bhd has achieved its target to raise at least RM4bil from its rights issue exercise, even as some shareholders chose not to subscribe their portion of the shares. The rights share offerings that came with free detachable warrants were 81.5% subscribed. For its Islamic redeemable convertible preference shares, the group saw 100% valid acceptances.

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TAN SRI SHAHRIL SHAMSUDDIN WRITES FOR THE EDGE BUMPER ISSUE
Date: 18.01.2019.

As part of the cover story – Fixing the Economy – for its year-end edition, The Edge asked a select group - a minister, a former minister, a banker, economists and business leaders - for their views on the outlook for 2019. Our President and Group CEO, Tan Sri Shahril Shamsuddin, shared his thoughts on the challenges and policy expectations. Below is his opinion piece in full.

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Sapura Energy-OMV JV seeks up to RM2.3b loans
Date: 18.01.2019.

SEB Upstream Sdn Bhd (SUP), a joint venture between Sapura Energy Bhd and OMV Aktiengesellschaft (OMV AG), plans to obtain financing facilities from local and foreign financial institutions and/or its Austrian partner for between US$350 million (RM1.46 billion) and US$550 million (RM2.29 billion) to repay part of its debt and for working capital.

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Sapura Energy bags RM760 mil worth of contracts
Date: 11.01.2019.

Integrated oil and gas group Sapura Energy Bhd has been awarded four new contracts and one extension with a combined value of RM760 million.

The jobs involve three drilling contracts and two contracts for the engineering and construction (E&C) segment, the group said today.

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Tender book expansion, prospective bids seen for Sapura Energy
Date: 10.12.2018.

Maintain buy with an unchanged fair value (FV) of 55 sen: We have maintained our “buy” call on Sapura Energy Bhd, with an unchanged FV of 55 sen a share, based on a 25% discount to our estimated diluted book value of 73 sen a share, assuming an ex-proposed rights issue of up to RM4 billion. This implies a 24% discount to our ex-sum-of-parts valuation.

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Sapura Energy 3Q net loss narrows significantly on higher revenue
Date: 7.12.2018.

Sapura Energy Bhd’s net loss for its third quarter ended Oct 31, 2018 narrowed significantly to RM31.09 million from RM274.41 million a year ago, on higher revenue contribution.

Quarterly revenue grew 17.4% to RM1.5 billion from RM1.28 billion previously, the group said in a filing with Bursa Malaysia.

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Sapura Energy consortium clinches RM3b contract in India
Date: 7.12.2018.

Sapura Energy Bhd and its consortium partner have clinched a RM3 billion contract from Oil and Natural Gas Corporation (ONGC) in India.

The consortium partners comprising the group’s wholly-owned subsidiary of Sapura Energy, Sapura Fabrication Sdn Bhd (Sapura Fabrication) and Afcons Infrastructure Limited (Afcons), will be jointly undertaking engineering, procurement, construction, installation and commissioning (EPCIC) works for a central processing platform (CPP) and living quarters for KG-DWN 98/2 NELP block.

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Sapura Energy shareholders approve RM4 bil cash call
Date: 30.11.2018.

Sapura Energy Bhd has received shareholders’ approval for its proposed rights issue to raise RM4 billion to trim its debts.

Shareholders voted overwhelmingly to subscribe to the group’s rights issue and support its growth plans at the extraordinary general meeting (EGM) today.

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