Petronas, which awarded contracts to Scomi, will continue to shape the outlook of the oil and gas sector this year.
PETALING JAYA: Scomi Group Bhd is proposing to take its energy and engineering units private via a share swap scheme, as the group seeks to consolidate all its existing operations under one listed entity.
The plan, the group said, would strengthen its balance sheet in the midst of a challenging business environment and facilitate its future business expansion.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
