Not a bailout, but an investment in Sapura Energy, says Fahmi

Free Malaysia Today

The government spokesman rubbishes claims that the finance ministry’s decision to inject RM1.1 billion into Sapura Energy was a bailout.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/03/12/not-a-bailout-but-an-investment-fahmi-says/  Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/03/12/pelaburan-rm1-1-bilion-dalam-sapura-bukan-bailout-kata-fahmi/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #FahmiFadzil #SapuraEnergy #PermodalanNasionalBerhad #Investment

Transcript

00:00Last night, Sapuan Energy has issued a statement regarding PNB's strategic investment in the form of redeemable convertible shares.

00:15And there are a few things that have been raised, including a statement by one newspaper claiming that this is a form of bailout.

00:28And this has been denied.

00:31Government spokesman Fahmi Fazil has denied claims that the finance ministry's RM1.1 billion investment into Sapuan Energy Berhad was a bailout.

00:40It is a strategic investment that differs in nature from the bailout that took place in the era of Dr Mahathir.

00:51That is a real bailout. This is not. This is Madani, not Mahathir.

00:56It was alleged that Mahathir's first administration had engaged in several bailout efforts, particularly during and after the 1997 Asian financial crisis.

01:06In a bursa filing yesterday, Sapuan Energy said the finance ministry, via its special-purpose vehicle Malaysia Development Holdings Senuan Berhad,

01:15will be subscribing to its redeemable convertible loan stocks worth RM1.1 billion.

01:20The funds, according to The Edge, have been earmarked exclusively for settling Sapuan Energy's arrears with its vendors.

01:27The government's decision to inject the funds drew accusations that it had bailed out Sapuan Energy,

01:32a practice which Pakatan Harapan leaders had condemned when it was in the opposition.

01:37Hanyu Jo, FMT.

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