Scomi Energy plans to raise RM140.5mil, part for repaying loan

PETALING JAYA: Scomi Energy Services Bhd has proposed to undertake a renounceable rights issue of up to RM140.5mil of five-year redeemable convertible bonds.

In a statement to Bursa Malaysia, the oil and gas services provider said the exercise would be on the basis of RM6 in nominal value of convertible bonds for every 100 ordinary shares held in Scomi Energy on an entitlement date to be determined later.