Sapura Energy Berhad (“Sapura Energy” or “the Company”) today announced the appointment of Mr Lim San Peen as the Interim Liquidator for Sapura Project Services Sdn. Bhd. (“SPSSB”). SPSSB is a subsidiary of Sapura Technology Solutions Sdn. Bhd., a wholly owned subsidiary of Sapura Energy. SPSSB is not a major subsidiary of the Company as defined under Chapter 1 of the Main Market Listing Requirements.
The appointment of the Interim Liquidator does not bear immediate material financial and operational impact on Sapura Energy, and will not affect the progress of the Company’s restructuring plan.
Mr. Lim San Peen was appointed as the Interim Liquidator of SPSSB under the Order of the High Court of Malaya at Shah Alam, following a Winding Up Petition against SPSSB by Danamin (M) Sdn. Bhd..
SPSSB, a non-core business for Sapura Energy, specialises in telecommunication services which include turnkey telecommunications, network and security solutions for front-end engineering design (FEED), engineering, procurement, and construction (EPC) projects in oil & gas and utilities markets.
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