Scomi Group applies for judicial management

Scomi Group told StarBiz the asset disposal is one of the avenues to reduce the debt position.

KUALA LUMPUR: Three subsidiaries of Scomi Group Bhd have applied for judicial management from the Shah Alam High Court as part of its financial restructuring.

The three companies are Scomi Engineering Bhd, Scomi Rail Bhd and Scomi Transit Project Brazil (Sao Paulo) Sdn Bhd.