Sapura Energy, subsidiaries granted extension of orders for debt restructuring

KUALA LUMPUR: Sapura Energy Bhd said the High Court of Malaya has granted the company and its 22 wholly-owned subsidiaries an extension of nine months from June 11, 2023, to March 10, 2024, for the Convening and Restraining Orders for its proposed debt restructuring.

The Orders, which had initially been granted by the Court on March 8, 2023 pursuant to Sections 366 and 368 of the Companies Act, were set to expire on June 11, 2023.