CASH-strapped Malaysian offshore engineering and construction player Sapura Energy has been served with "winding-up petitions" for several subsidiaries that involve outstanding claims from vendors and other service companies. In signs of deepening financial trouble, Sapura informed the Bursa stock exchange on 14 February about the predicament of five of its wholly owned arms. Those served with petitions include Sapura Fabrication Sdn Bhd, Sapura Project Services Sdn Bhd, Sapura Subsea Services Sdn Bhd, Sapura Offshore Sdn Bhd and Sapura Pinewell Sdn Bhd, the company said in an announcement to the stock exchange.
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