#VantrisEnergy

Vendors Receive Payments From Govt Investment In Vantris Energy — Amir Hamzah KUALA LUMPUR, Feb 26 (Bernama) — More than 1,400 local vendors have received payments following the government’s RM1.1 billion investment in Vantris Energy Bhd, said Finance Minister II Amir Hamzah Azizan. He said the Vantris Energy (formerly Sapura Energy) ecosystem involves more than 59,000 workers who depend directly or indirectly on the company’s vendor network. Therefore, the redeemable convertible loan stock (RCLS) subscription approach has helped save local vendors affected by the financial situation. According to him, the government, through Malaysia Development Holding Sdn Bhd (MDH), has set a condition that the investment could only be used to settle outstanding […]

Vendors Receive Payments From Govt Investment In Vantris Energy — Amir Hamzah #Vendors #GovernmentInvestment #VantrisEnergy #Malaysia #LocalBusinesses

Vantris Energy Offloads $30.5 Million Heavy-Lift Vessel Stake, Sharpens Focus on Core Fleet Vantris Energy sells its 40% stake in L&T-Sapura Shipping for $30.5M, offloading the LTS3000 heavy-lift vessel. CEO Muhammad Zamri Jusoh calls it a key move to sharpen focus on core assets. Proceeds fund E&C and O&M ops. #VantrisEnergy #LarsenToubro #HeavyLift #OffshoreEnergy #AssetOptimization

Vantris Energy sells its 40% stake in L&T-Sapura Shipping for $30.5M, offloading the LTS3000 heavy-lift vessel. CEO Muhammad Zamri Jusoh calls it a key move to sharpen focus on core assets. Proceeds fund E&C and O&M ops. #VantrisEnergy #LarsenToubro #HeavyLift #OffshoreEnergy #AssetOptimization