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-- 47.130 Sabura Energy once again extends the deadline for restructuring.
(Kuala Lumpur, 17th) Sabura Energy's fourth request to extend the restructuring deadline has been approved! $SAPNRG (5218.MY)$ Sabura Energy requested on Tuesday to extend the deadline for submitting the restructuring plan from November 30 to May 31, 2025, approved by Bursa Malaysia.
Consistent with earlier statements, the company mentioned that the application for extension was due to the complexity of the overall restructuring plan, while the debt restructuring supporting its strategic restructuring plan is progressing well.
As previously reported, the company needs to submit the restructuring plan to the relevant regulatory authorities within the specified timeframe, obtain approval from the authorities, and implement the plan within the regulatory timeframe.
However, if the restructuring is not completed on time, the stock may be suspended from trading on Bursa Malaysia, or even delisted.
Source: Nanyang Siang Pau
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我叫高進 高股猛進 : It's directly indefinite, it's been 4 times.