SESB agrees on disposal of oilfield services sector

SESB shareholders, in an EGM yesterday, agreed to the sale of its 100% equity interest in Scomi Oilfield Ltd together with nine of its subsidiaries and 48% equity interest in Scomi KMC Sdn Bhd to Cahya Mata Oiltools Sdn Bhd.

PETALING JAYA: Scomi Energy Services Bhd (SESB) shareholders approved the disposal of its oilfield services business division for RM21mil cash to subsidiaries of Cahya Mata Sarawak Bhd (CMS).

SESB shareholders, in an EGM yesterday, agreed to the sale of its 100% equity interest in Scomi Oilfield Ltd together with nine of its subsidiaries and 48% equity interest in Scomi KMC Sdn Bhd to Cahya Mata Oiltools Sdn Bhd.