Date : 12 January 2026
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS VANTRIS ENERGY BERHAD (FORMERLY KNOWN AS SAPURA ENERGY BERHAD) ("VTEB" OR "THE COMPANY") PROPOSED DISPOSAL BY SAPURA NAUTICAL POWER PTE LTD, AN INDIRECT WHOLLY OWNED SUBSIDIARY OF THE COMPANY, OF ITS ENTIRE 40% EQUITY INTEREST IN L&T-SAPURA SHIPPING PRIVATE LIMITED TO LARSEN & TOUBRO LIMITED FOR A SALE CONSIDERATION OF INR 1,223,904,412 (EQUIVALENT TO THE SUM OF APPROXIMATELY USD 13.6 MILLION).
| VANTRIS ENERGY BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | VANTRIS ENERGY BERHAD (FORMERLY KNOWN AS SAPURA ENERGY BERHAD) ("VTEB" OR "THE COMPANY")
PROPOSED DISPOSAL BY SAPURA NAUTICAL POWER PTE LTD, AN INDIRECT WHOLLY OWNED SUBSIDIARY OF THE COMPANY, OF ITS ENTIRE 40% EQUITY INTEREST IN L&T-SAPURA SHIPPING PRIVATE LIMITED TO LARSEN & TOUBRO LIMITED FOR A SALE CONSIDERATION OF INR 1,223,904,412 (EQUIVALENT TO THE SUM OF APPROXIMATELY USD 13.6 MILLION). |
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The Board of Directors of VTEB (“the Board”) wishes to announce that its indirect wholly-owned subsidiary, Sapura Nautical Power Pte Ltd (“SNPPL”) has on 12 January 2026 entered into a Share Purchase Agreement (“SPA”) with its joint venture partner, Larsen & Toubro Limited (“L&T”) to dispose of its 40% equity interest in L&T-Sapura Shipping Private Limited (“LTSSPL” or “the JV Company”) to L&T for a sale consideration of INR 1,223,904,412 equivalent to approximately USD 13.6 million or RM 55.0 million (“Proposed Disposal”).
Please refer to the attached file for further details of the Proposed Disposal.
This announcement is dated 12 January 2026. |
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Please refer attachment below.
Announcement Info
| Company Name | VANTRIS ENERGY BERHAD |
| Stock Name | VANTNRG |
| Date Announced | 12 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12012026-00023 |