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Business

Scomi Group appoints receiver and manager of SRB’s property

PETALING JAYA: Scomi Group Bhd has appointed Datuk Adam Primus Varghese Abdullah of Messrs Adamprimus as receiver and manager of the property of Scomi Rail Bhd (SRB), an indirect wholly owned subsidiary of the company, by Malayan Banking Bhd (Maybank).

Business Premium

Scomi works to fix its financials

Could the fortunes of beleaguered Scomi Group Bhd be changing following its settlement agreement with Prasarana Malaysia Bhd?

Corporate News

Scomi, Larsen and Toubro’s Mumbai monorail contract terminated

KUALA LUMPUR: Scomi Engineering Bhd and Larsen and Toubro Ltd's contract for the design, development, construction, operation and maintenance of a monorail system in the Mumbai Metropolitan region has been terminated.

Corporate News

Scomi Mumbai monorail contract terminated

The company, in a filing with Bursa Malaysia on Monday, said Mumbai Metropolitan Region Development Authority (MMRDA) has terminated the contract awarded to the consortium, in which Scomi is a partner, via a letter dated Dec 14.

Stock on the Move

Scomi shares fall as subsidiaries go into judicial management

KUALA LUMPUR: Shares of Scomi Group Bhd fell in early trade Monday after three of its subsidiaries applied for judicial management from the Shah Alam High Court as part of its financial restructuring.

Business

Scomi Group applies for judicial management

KUALA LUMPUR: Three subsidiaries of Scomi Group Bhd have applied for judicial management from the Shah Alam High Court as part of its financial restructuring.