CGS-CIMB Research said the cash-strapped oil and gas company’s debt restructuring needs to succeed to avoid a delisting from Bursa Malaysia.
PETALING JAYA: The survival of Sapura Energy Bhd
, which returned to the black in the first quarter, hinges on the success of its debt restructuring plan that could prove to be a massive challenge, according to analysts.
CGS-CIMB Research said the cash-strapped oil and gas company’s debt restructuring needs to succeed to avoid a delisting from Bursa Malaysia.
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