Maybank demands that Scomi settle its debt


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

KUALA LUMPUR: Scomi Group Bhd said it has received a notice of demand for RM113.96mil from Malayan Banking Bhd (Maybank) after its wholly owned rail unit failed to pay RM201.9mil owed to the bank.

“Scomi Rail Bhd and Scomi Group are presently in the process of negotiating a resolution with Maybank,” it said in a filing with Bursa Malaysia today.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Wall St set to open higher as Fed allays rate-hike concerns
Singapore DBS’s digital services hit days after MAS ban ends
US weekly jobless claims unchanged; layoffs decline in April
Gold falls as investors evaluate US rate cut prospects
UOA REIT expects office rental market to remain challenging
Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale

Others Also Read