Bursa Announcements
Date : 21 July 2022

OTHERS PROPOSED DISPOSAL OF PIPE-LAYING AND CRANE VESSEL (KNOWN AS "SAPURA 3000") BY WHOLLY-OWNED SUBSIDIARY OF SAPURA ENERGY BERHAD, SAPURA 3000 PTE LTD TO SAFEEN FEEDERS 20 LIMITED, MARSHALL ISLANDS, THE NOMINATED BUYER OF SAFEEN FEEDER COMPANY SOLE PROPRIETORSHIP LLC, A COMPANY IN ABU DHABI PORTS GROUP OF COMPANIES FOR A TOTAL CASH CONSIDERATION OF USD71,500,000 OR EQUIVALENT TO RM312,848,250 ("PROPOSED DISPOSAL")

SAPURA ENERGY BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED DISPOSAL OF PIPE-LAYING AND CRANE VESSEL (KNOWN AS "SAPURA 3000") BY WHOLLY-OWNED SUBSIDIARY OF SAPURA ENERGY BERHAD, SAPURA 3000 PTE LTD TO SAFEEN FEEDERS 20 LIMITED, MARSHALL ISLANDS, THE NOMINATED BUYER OF SAFEEN FEEDER COMPANY  SOLE PROPRIETORSHIP LLC, A COMPANY IN ABU DHABI PORTS GROUP OF COMPANIES FOR A TOTAL CASH CONSIDERATION OF USD71,500,000 OR EQUIVALENT TO RM312,848,250 ("PROPOSED DISPOSAL")

Further to the announcement dated 30 May 2022, Sapura Energy Berhad wishes to announce that both Sapura 3000 Pte Ltd and Safeen Feeders 20 Limited have agreed to the extension of the closing date under the Memorandum of Agreement (MOA) dated 30 May 2022 to enable all logistical procedures to be complied with. The parties to the MOA envisage that the closing of the sale under MOA to be completed by 29 July 2022.


This announcement is dated 21 July 2022.






Announcement Info

Company Name SAPURA ENERGY BERHAD
Stock Name SAPNRG
Date Announced 21 Jul 2022
Category General Announcement for PLC
Reference Number GA1-21072022-00037


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