Scomi Energy gets nod to dispose of oilfield services division for RM21mil

KUALA LUMPUR: Shareholders of Scomi Energy Services Bhd (SESB) have approved the disposal of its oilfield services business division for RM21mil.

The approved disposal consists of 100% equity interest in Scomi Oilfield Limited together with nine of its subsidiaries and 48% equity interest in Scomi KMC Sdn Bhd to Cahya Mata Oiltools Sdn Bhd; and the disposal by Scomi Oiltools Sdn Bhd, a subsidiary of SESB, of its equity interest in Scomi KMC Sdn Bhd, Scomi Oiltools Gulf W.L.L, its property in Dataran Prima and its inventories and equipment to Oiltools International Sdn Bhd.