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PETALING JAYA: Construction giant IJM Corp Bhd may sell down its 9% stake in Scomi Group Bhd if the latter isnt able to vote through the issuance of convertible debt papers to the former, according to sources.
PETALING JAYA: The Scomi group of companies is poised to undertake a long-awaited consolidation exercise.
PETALING JAYA: Shareholders of Scomi Group Bhd have greenlit the issuance of RM110mil worth of convertible debt to IJM Corp Bhd, marking the end of a squabble between two parties that had clashed on IJM’s entry into the company.
PETALING JAYA: Scomi Group Bhd has completed its restructuring exercise which sees all its units involved in the oil and gas (O&G) business consolidated under one entity, Scomi Energy Services Bhd.
KUALA LUMPUR: Scomi Energy Bhd’s has formed a committee to investigate certain related party transactions (RPT) and advances made without prior authorisation pertaining to the transactions.