On Feb 11, both TSWA and GGSB had given notices to MTB to procure the transfer to TSWA and GGSB respectively such number of the pledged shares.
PETALING JAYA: Scomi Group Bhd has failed to make good the amount demanded within the remedy period with regard to the Tan Sri Wan Azmi Wan Hamzah (TSWA) and Gelombang Global Sdn Bhd (GGSB) loan agreements.
In view of that, TSWA and GGSB have a right to give notice in writing to the appointed trustee, Malaysian Trustees Bhd, to dispose, or transfer, to TSWA and GGSB such number of ordinary shares in Scomi Energy Services Bhd
(pledged shares) that is equivalent in value to the outstanding loan amount.
This is in order to recover any amounts due, including any default interest for the period from the repayment deadline until full settlement of the TSWA loan and GGSB loan, respectively.
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