Scomi signs MoU to explore rail opportunities

In a filing with Bursa Malaysia yesterday, it said the rail services company is engaged in the business of providing services in the rail industry.

PETALING JAYA: Scomi Group Bhd’s wholly-owned subsidiary, Scomi Transit Asia Sdn Bhd has inked a memorandum of understanding (MoU) with a rail services company to collaborate and explore business opportunities.

In a filing with Bursa Malaysia yesterday, it said the rail services company is engaged in the business of providing services in the rail industry.

The MoU is not expected to have a material effect on the earnings per share, net assets per share and gearing of Scomi for the financial year ending June 30, 2022. — Bernama