KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Securities) has decided to delist the SCOMI GROUP BHD
’s securities from the official list of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements.
In a filing with Bursa Malaysia today, Scomi said Bursa Securities had, via a letter dated March 28, dismissed the company’s appeal for a further six months extension from the decision of Bursa Securities to submit its regularisation plan to the relevant authorities for approval.
"Bursa Securities has decided to reject SGB’s request to vary the terms and conditions for the company to settle and pay the sum of RM8 million to Maybank before March 15, 2023,” it said.
The company also said that the rejection was as stipulated in Bursa Securities’s letter dated Feb 13, 2023, whether Maybank was willing to consider SGB’s revised offer for the cash settlement or revise the timeline stipulated in the condition to pay to match the timing of Maybank’s decision vis-a-vis the revised Maybank offer.
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