KUALA LUMPUR: Sapura Energy Bhd says it has been granted an extension until May 31 next year to submit its Practice Note 17 (PN17) regularisation plan to the relevant regulatory authorities.
Sapura Energy, in a filing with Bursa Malaysia today, said Bursa Malaysia Securities had given the extension via a letter dated Dec 13.
"The extension of time would enable the company to continue building a robust regularisation plan based on the ongoing debt restructuring exercise, which is well underway following the confirmation for its proposed restructuring scheme approval-in-principle from the Corporate Debt Restructuring Committee," it added.
Sapura Energy also filed with Bursa yesterday its third consecutive positive quarter in financial year 2024.
It posted a profit after tax and minority interests of about RM31 million, on the back of earnings before interest, taxes, depreciation and amortisation of RM211 million, and revenue of RM1.10 billion.
