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too big to fail. Gov is still helping and looking for buyer. most shareholders would be burnt for sure when it get delisted. only paid up the secured creditors in moving forward.
learnt from MAS privatization and you would know what awaits Sapura. PNB or Khazanah or PETRONAS would acquire this n delist it from bursa. whatever remaining cash would be to pay up secured creditors. the rest can pick up the dust and smoke left by them. shareholders would always the ones to bear all the losses.