Malaysia’s Sapura Energy served with ‘winding up petitions’ for five key subsidiaries

May we have some words from the current leadership, one of which is from an NOC, which is still tindasing us small fry?

Dateline 2022-02-15, Upstream Online:

Cash-strapped Malaysian offshore engineering and construction player Sapura Energy has been served with “winding-up petitions” for several subsidiaries that involve outstanding claims from vendors and other service companies.

In signs of deepening financial trouble, Sapura informed the Bursa stock exchange on Monday about the predicament of five of its wholly owned subsidiaries.

Those served with petitions include Sapura Fabrication Sdn Bhd, Sapura Project Services Sdn Bhd, Sapura Subsea Services Sdn Bhd, Sapura Offshore Sdn Bhd and Sapura Pinewell Sdn Bhd, the company said in an announcement to the stock exchange.

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