Scomi provides more details of loan defaults

15 Feb 2019 - The Star Online
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has the right to dispose of 206.04 million shares of Scomi Energy Services Bhd (SESB) if its parent company Scomi Group Bhd fails to settle RM201.91mil owed to the bank. Scomi Group said on Friday the other financiers other than Maybank were Pembangunan Leasing ...
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Scomi set to gain RM9.5mil from unit sale

29 Jan 2019 - The Star Online
PETALING JAYA: Scomi Energy Services Bhd is expected to make a gain of US$2.3mil (RM9.5mil) from its divestment of unit Scomi Anticor SAS. The oil and gas and coal industries services provider said wholly owned subsidiary Scomi Sosma Sdn Bhd had, on Jan 25, inked a sale and purchase agreement to sell ...
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Scomi Energy investigates RPT, unauthorised advances

11 Jan 2019 - The Star Online
KUALA LUMPUR: Scomi Energy Bhd’s has formed a committee to investigate certain related party transactions (RPT) and advances made without prior authorisation pertaining to the transactions. “As the investigation is still ongoing, the board is unable to provide a statement as to whether the provision ...
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Scomi Energy records a tiny profit in Q1

23 Aug 2018 - The Star Online
KUALA LUMPUR: Scomi Energy Bhd posted its first quarterly net profit since end of 2015, boosted by the lack of impairment cost and favourable currency exchange rate. Revenue in the first quarter ended June 30 slumped 26% to RM126.9mil, highlighting the difficult operating conditions across the company’s ...
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Scomi Energy reports biggest annual loss in three years

31 May 2018 - The Star Online
KUALA LUMPUR: Scomi Energy Services Bhd sinks deeper into the red in the fourth quarter ended March 31, as it continues to make losses on all fronts. For the full year, its losses widened to RM207.9mil compared with a loss of RM126.4mil a year ago. The company, in a filing with Bursa Malaysia today, ...
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Merger of Scomi Energy fails

5 Jan 2018 - The Star Online
PETALING JAYA: With fresh optimism in the oil and gas sector, the move to merge Scomi Energy Services Bhd with its parent company Scomi Group Bhd was shot down by the former’s shareholders at its EGM yesterday. Up to 67.34% of its shares, or 292.5 million, held by 29 shareholders voted against the proposal, ...
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Scomi seeks shareholder approval for proposed merger

10 Oct 2017 - The Star Online
KUALA LUMPUR: The proposed merger between Scomi Group Bhd and its subsidiaries has taken another step closer to completion. Scomi Engineering Bhd and Scomi Energy Bhd announced in separate filings on Tuesday that their respective boards of directors had deliberated on the proposed merger and decided ...
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Scomi Group shareholders to benefit from merger

22 Aug 2017 - The Star Online
KUALA LUMPUR: Shareholders of Scomi Group Bhd will benefit from the corporate exercise involving a share consolidation based on ballpark figures from its corporate exercise involving the merger of its two subsidiaries and the issuance of free warrants. Simple back-of-the-envelope calculations show that ...
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Scomi stocks suspended for corporate exercise

17 Aug 2017 - The Star Online
KUALA LUMPUR: Shares of Scomi Group, Scomi Engineering and Scomi Energy Services have been halted for a corporate exercise involving all the three listed entities. Trading was halted at 2.57pm on Thursday until 5pm on Monday, Aug 21, the companies announced to Bursa Malaysia Securities. Scomi Engineering ...
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