PETALING JAYA: Integrated oil and gas (O&G) company Sapura Energy Bhd
will have to tweak its plan for a separate listing of its exploration and production (E&P) division on Bursa Malaysia after an earlier proposal was shot down by market regulators.
Sources said the company is likely to seek a lower valuation for the unit, and rework the structure for its proposed initial public offering to comply with the chain listing requirements for listed companies.
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