IJM raises stake in Scomi


PETALING JAYA: IJM Corp Bhd has emerged as the single largest shareholder in oil and gas (O&G) company Scomi Group Bhd after converting its bonds to equity.

The conversion will give it an immediate 24.4% stake in the O&G services company from an earlier 7.66% before the announcement was made.

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Business , IJM , Scomi Group , oil & gas

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