03-21-2023, 07:00 AM
![[Image: 512befd4-sapura-3500_sapura-energy-bhd-email.jpg]](https://media.freemalaysiatoday.com/wp-content/uploads/2023/03/512befd4-sapura-3500_sapura-energy-bhd-email.jpg)
PETALING JAYA: Sapura Energy Bhd has found a white knight riding on the back of RM1.8 billion in capital injections to begin the arduous task of rebuilding its battered finances.
The oil and gas (O&G) services group said it had received a “formal letter from a white knight” last month indicating it would provide financial support to Sapura Energy, subject to certain conditions, according to a court document sighted by The Edge.
“On Feb 15, 2023, Sapura Energy received a formal letter from a white knight supporting Sapura Energy’s restructuring initiatives to preserve the Malaysian O&G ecosystem.
- More -