Short Position - Scomi Energy's mess


Bursa gallery one

Scomi Energy’s mess

The jewel in Scomi Group Bhd’s companies is its oil and gas arm - Scomi Energy Services Bhd. However, the problems of the parent company have left a deep cut on Scomi Energy.

On Thursday, the external auditors of Scomi Energy expressed doubts on its ability as a going concern, causing the company to be classified as an affected issuer under the Practice Note 17 (PN17) list. Now, Scomi Energy has to regularise its financial position before it can be placed out of the list.

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

Shell says it remains committed to mobility business in Malaysia
Federal Court rules in SC’s favour, Ricky Wong’s leave application dismissed
Regional expansion to bode well for CTOS
Miti: Semiconductor industry offers Malaysia chance for exponential growth
Ringgit slightly higher at the close
Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme

Others Also Read