Sapura Energy’s massive RM4bil cash call triggers steepest share price plunge on record (updated)

Positive growth: Shahril says the firm is confident its strong track record and proven technical capabilities will position it for further growth

KUALA LUMPUR: Shares in Sapura Energy Bhd slumped to a near all-time low, as investors fled on news that the oil and gas contractor is planning to launch a massive RM4bil cash call.

The stock was last traded at 41.5 sen on Friday, down 18 sen, or 30% lower from its previous close. More than 630 million shares changed hands, making it one of the busiest trading days for the counter.