Sapura Energy granted second extension to submit PN17 regularisation planSapura Energy Bhd has been granted a second extension of up to May 31 next year to submit its Practice Note 17 (PN17) regularisation plan, which was supposed to be due on Nov 30, 2023.
“The extension of time would enable the company to continue building a robust regularisation plan based on the ongoing debt restructuring exercise, which is well underway following the confirmation for its proposed restructuring scheme approval-in-principle from the Corporate Debt Restructuring Committee,” said Sapura in a stock exchange filing on Thursday (Dec 14).