Scomi appeals to make its case

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.