KUALA LUMPUR (July 14): Two more of debt-ridden Sapura Energy Bhd’s units, Sapura Pinewell Sdn Bhd (SPSB) and Sapura Fabrication Sdn Bhd (SFSB), have been served with winding-up petitions for failing to settle RM906,194 in outstanding amounts. SPSB and SFSB were served the petitions last Friday (July 8), due to the non-payment of invoices from Plomo Group Sdn Bhd and Marine Creation Sdn Bhd respectively, according to a bourse filing on Thursday (July 14). In the event Petitioner-2 fails and/or refuses to do so, the company may be forced to take further legal action against Petitioner-2,” said Sapura Energy. Based on the audited financial statements for the financial year ended Jan 31, 2022, Sapura Energy has invested a total RM427.95 million in SPSB, and RM4.296 billion in SFSB. Sapura Energy shares were unchanged at four sen on Thursday, giving it a market capitalisation of RM639.16 million.
