“KMCOB is in the midst of engaging with Danajamin towards an amicable resolution to address the repayment of the relevant amount, ” said Scomi Energy.
PETALING JAYA: Scomi Energy Services Bhd
has updated Bursa Malaysia that Hong Leong Investment Bank Bhd, being the facility agent under the Series E of the Guaranteed Serial Bonds (KMCOB Bond) and in relation to the financial guarantee insurance/bank guarantee facility (FGI facility), has issued a notice to KMCOB Capital Bhd, declaring an event of default. KMCOB Capital Bhd is a unit of Scomi Energy.
There is the sum of RM80.41mil that shall be immediately due and payable.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
