SCOMIES

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OTHERS APPLICATION FOR EXTENSION OF THE PERIOD OF JUDICIAL MANAGEMENT ORDERS OR OTHER ORDERS BY JUDICIAL MANAGER FOR THREE (3) SUBSIDIARIES OF SCOMI ENERGY SERVICES BHD ("SESB" OR "THE COMPANY")

SCOMI ENERGY SERVICES BHD

Type Announcement
Subject OTHERS
Description
APPLICATION FOR EXTENSION OF THE PERIOD OF JUDICIAL MANAGEMENT ORDERS OR OTHER ORDERS BY JUDICIAL MANAGER FOR THREE (3) SUBSIDIARIES OF SCOMI ENERGY SERVICES BHD ("SESB" OR "THE COMPANY")

Reference is made to SESB’s announcements dated 2 April 2020, 24 June 2020, 11 August 2020, 14 August 2020, 7 October 2020, 8 October 2020, 14 December 2020 and 14 January 2021, 27 January 2021 and 9 February 2021 (“Announcements”). Unless otherwise defined, the terms herein shall bear the same meaning as defined in the Announcements.

 

The Company wishes to inform that the Judicial Manager for KMCOB, SOSB and SKMC (“Affected Companies”) has on 12 April 2021 made applications to the High Court of Malaya, pursuant to, among others, sections 420(1) and 420(2) of the Companies Act 2016, Rule 39(2)(b) and the Third Schedule of the Companies (Corporate Rescue Mechanism) Rules 2018, and section 582(4) of the Companies Act 2016 for, among others, the following orders:

 

(i)  An extension of time of sixty (60) days from 15 April 2021 for the Judicial Manager to send a statement of his proposal pursuant to section 420(1)(a) of the Companies Act 2016 (“Statement of Proposal”) to the Registrar of Companies and to all creditors of the Affected Companies to their last known address, and to lay the Statement of Proposal before a meeting of the Affected Companies’ creditors summoned for the period of not less than fourteen (14) days’ notice; and

 

(ii)  An extension of time of sixty (60) days from 15 April 2021 for the Judicial Manager to send the Statement of Proposal to all members of the Affected Companies to the last known address of all the members, and to publish a notice in one widely circulated newspaper in Malaysia in the national language and one widely circulated newspaper in Malaysia in the English language stating an address to which the members of the Affected Companies should write for copies of the Statement of Proposal to be sent to the members free of charge.

 

The Company will make the relevant update announcement(s) in relation to the foregoing as and when there are material developments on the same.

 

This announcement is dated 13 April 2021.






Announcement Info

Company Name SCOMI ENERGY SERVICES BHD
Stock Name SCOMIES
Date Announced 13 Apr 2021
Category General Announcement for PLC
Reference Number GA1-13042021-00045