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MULTIPLE PROPOSALS SCOMI GROUP BHD ("SGB" OR "THE COMPANY") (I) PROPOSED SHARE CAPITAL REDUCTION; (II) PROPOSED SHARE CONSOLIDATION; (III) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; (IV) PROPOSED RESTRICTED ISSUE; AND (V) PROPOSED LIABILITIES SETTLEMENT.

SCOMI GROUP BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SCOMI GROUP BHD ("SGB" OR "THE COMPANY")

(I)	PROPOSED SHARE CAPITAL REDUCTION;
(II)	PROPOSED SHARE CONSOLIDATION;
(III)	PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS;
(IV)	PROPOSED RESTRICTED ISSUE; AND
(V)	PROPOSED LIABILITIES SETTLEMENT.

(Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Company’s announcements dated 27 May 2019, 30 May 2019, 18 July 2019, 9 August 2019, 20 August 2019, 3 December 2019, 20 December 2019, 30 December 2019, 21 January 2020 , 11 February 2020, 13 February 2020, 21 February 2020, 6 March 2020 and 20 March 2020 in relation to the Proposals).

 

Reference is made to the Company’s announcements dated 13 February 2020 and 21 February 2020 in relation to the following:

 

1. Suit No. WA-22NCC-74-02/20 Scomi Group Bhd v Gelombang Global Sdn Bhd (“GGSB”) & Malaysian Trustees Berhad (“MTB”) (“Suit 74”); and

2. Suit No. WA-22NCC-75-02/20 Scomi Group Bhd v Tan Sri Nik Awang @ Wan Azmi bin Wan Hamzah (“TSWA”) & MTB (“Suit 75”).

 

The Company wishes to announce that the Company has filed Notices of Discontinuance in respect of Suit 74 and Suit 75 on 30 March 2020. The next case management for both Suit 74 and Suit 75 has been fixed on 28 April 2020.

 

This announcement is dated 30 March 2020.






Announcement Info

Company Name SCOMI GROUP BERHAD
Stock Name SCOMI
Date Announced 30 Mar 2020
Category General Announcement for PLC
Reference Number GA1-30032020-00038