Sapura Energy: Not a ‘bailout’, but a RM1.1bil strategic investment, says Fahmi
PUTRAJAYA: Malaysia Development Holding Sdn Bhd's (MDH) RM1.1bil investment into Sapura Energy Bhd is not a government bailout but a strategic investment towards sustainability, according to government spokesperson Datuk Fahmi Fadzil. The MDH is a special purpose vehicle of the Finance Ministry. This statement follows Sapura Energy's announcement that MDH would subscribe to its redeemable convertible loan...