Sapura Energy Berhad announces the appointment of Lim San Peen as the Interim Liquidator for Sapura Project Services Sdn. Bhd.
SPSSB is a subsidiary of Sapura Technology Solutions Sdn. Bhd., a wholly owned subsidiary of Sapura Energy and is defined as not a major subsidiary of the company under Chapter 1 of the Main Market Listing Requirements.
The financially stressed group said the appointment of the Interim Liquidator does not bear an immediate material financial and operational impact and that it will not affect the progress of its restructuring plan. The liquidator was appointed under the Order of the High Court of Malaya at Shah Alam, following a Winding Up Petition against SPSSB by Danamin (M) Sdn. Bhd..
SPSSB, a non-core business for Sapura Energy, specialising in telecommunication services which include turnkey telecommunications, network and security solutions for front-end engineering design (FEED), engineering, procurement, and construction (EPC) projects in oil & gas and utilities markets.
