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Scomi Energy investigates RPT, unauthorised advances


KUALA LUMPUR: Scomi Energy Bhd’s has formed a committee to investigate certain related party transactions (RPT) and advances made without prior authorisation pertaining to the transactions. 

“As the investigation is still ongoing, the board is unable to provide a statement as to whether the provision of the advances were fair and reasonable or to the detriment of the company or its shareholders,” Scomi Energy said in a filing with Bursa Malaysia Friday. 

Corporate News , Scomi Group , Scomi Energy

   

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