Scomi Rail placed under receivership


  • Business
  • Thursday, 09 May 2019

PETALING JAYA: Scomi Group Bhd said Scomi Rail Bhd, an indirect wholly owned subsidiary of the company, has been placed under receivership by Malayan Banking Bhd (Maybank).

The company, in a filing with Bursa Malaysia today, said Datuk Adam Primus Varghese Abdullah of Messrs Adamprimus, was appointed by Maybank as receiver and manager over the properties of Scomi Rail.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

TM Nxera partners with TNB to secure 280MW for data centre campus
Favelle Favco acquires France-based Seram Industries SAS
Ringgit ends firmer as concerns over Fed independence weigh on US dollar
HE Group wins power distribution system contract
Awanbiru appoints Azizah Ali as its group CEO
MN Holdings proposes transfer to the Main Market of Bursa Securities
Vantris Energy divests stake in L&T-Sapura Shipping for 124mil
Sunway launches RM11bil take-over of IJM Corp at RM3.15 a share
FBM KLCI hits six-year high, extends rally on stronger risk appetite
Singapore defends GIC, Temasek returns as reasonable

Others Also Read