Bursa Malaysia approves Sapura Energy’s PN17 proposed exit plan after four extensions

KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved Sapura Energy Bhd’s proposed regularisation plan to exit its Practice Note 17 (PN17) status, following four deadline extensions.

"The proposed regularisation plan comprises a proposed capital reconstruction, proposed debt restructuring, proposed fund-raising and proposed exemption,” Sapura Energy said in a filing with Bursa Malaysia today.