PETALING JAYA: Scomi Group Bhd, which faces the risk of being delisted after its request for more time to submit a regularisation plan was rejected, wants to be allowed to make a direct submission to Bursa Malaysia in order to present its unique plan to regularise its financials.
The loss-making engineering firm said it is working on a “self-rescue” plan, which not only is different from a typical regularisation plan but will also not lead to a severe dilution in the shareholding interests of minorities.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!