Reference is made to Sapura Energy Berhad’s (“SEB” or “the Company”) Announcement dated 18 February 2022, on the receipt of the Winding Up Petition taken against the Company’s subsidiary, Sapura Fabrication Sdn Bhd (“SFSB”).
The Board of Directors of SEB wishes to announce that SFSB has agreed to a settlement with the Petitioner. On 4 March 2022, SFSB has received a Notice of Discontinuance of the Winding Up Petition taken against SFSB (Shah Alam High Court Winding-up Petition No. BA-28NCC-634-12/2021) by Sun Hardware Enterprise Sdn Bhd.
The Winding Up hearing on 10 March 2022 has been discontinued.
This announcement is dated 31 March 2022.