Sapura Energy aims to maximise value with listing of E&P asset


  • Business Premium
  • Saturday, 30 Jun 2018

Sapura

KUALA LUMPUR: Amidst the ongoing upturn in the oil and gas (O&G) industry, Sapura Energy Bhd is evaluating plans to maximise value for shareholders including a potential listing of its exploration and production (E&P) business and undertaking a capital raising exercise.

According to a company statement announcing its results for the first quarter ended April 30, 2018 (Q1FY19) yesterday, Sapura Energy said it remained committed to strengthening its financial position, reflecting the O&G-related group's readiness to reassess and redefine its businesses and act ahead of time.

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