Issuance of redeemable convertible loan stock of up to RM1,100,000,000 in nominal value
Advised Vantris Energy Berhad (formerly known as Sapura Energy Berhad) (“Issuer”) in relation to the issuance of redeemable convertible loan stock (“RCLS”) of up to RM1,100,000,000 in nominal value, as an integral component of a complex group-wide financial and corporate restructuring exercise undertaken by the Issuer and its group of companies. The issuance of RCLS forms part of the structure to facilitate the investment by a white knight in the Issuer and the settlement of outstanding liabilities owed by the Issuer to its creditors, which are Malaysian service providers operating in or supporting the oil and gas sector, incorporated or registered in, and controlled by residents of, Malaysia.
Advising the Issuer were Managing Partner Azman bin Othman Luk and Partner Tan Yan Yan.
