How Sapura slipped on falling oil prices and Covid-19


Dateline 2022-04-20, FMT:

Sapura Energy Bhd (SEB) is likely to remain the biggest corporate story in Malaysia for some time to come.

Tumbling oil prices and a global pandemic led to its fall, but the failure of a major stakeholder to act decisively to save the company may just bury it.

For the financial year ended Jan 31, 2022, the company reported an RM8.9 billion loss, one of the largest in Malaysian corporate history.

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