Protect Sapura from bankruptcy, Najib urges govt

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Debt-ridden Sapura might get help from finance ministry, claims report

PETALING JAYA: The finance ministry might assist ailing Sapura Energy Bhd (SEB) which has raked up debts of RM10.3 billion and is at risk of collapse.

Finance minister Tengku Zafrul Aziz has been working on a proposal to provide the company with an “assistance package” and a grant, according to the Edge Weekly newspaper, which cited unnamed sources.

The report said another option being floated was for Permodalan Nasional Berhad (PNB) to pump more money into SEB but the report said this might face investor backlash as PNB unit holders have yet to earn any dividend from the 2019 investment in the firm.

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