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Scomi Energy Services Bhd ("SESB")
- Notice of Extraordinary General Meeting ("EGM")
The EGM will be held and conducted on a fully virtual basis through live streaming and online remote voting via the online meeting platform.
Date of Meeting
08 Aug 2022
Time
11:00 AM
Venue(s)
Online meeting platform at https://meeting.boardroomlimited.my
(Domain Registration No. with MYNIC - D6A357657)
in
Malaysia
Date of General Meeting Record of Depositors
27 Jul 2022
Resolutions
1. ORDINARY RESOLUTION
Description
PROPOSED DISPOSAL:
(A) BY SESB OF ITS 48% EQUITY INTEREST IN SCOMI KMC SDN BHD (A SUBSIDIARY OF SESB) AND 100% EQUITY INTEREST IN SCOMI OILFIELD LIMITED ("SOL") (A WHOLLY-OWNED SUBSIDIARY OF SESB) (TOGETHER WITH 9 OF ITS EXISTING SUBSIDIARIES) TO CAHYA MATA OILTOOLS SDN BHD ("SPV 1"), A 75% OWNED SUBSIDIARY OF CAHYA MATA SARAWAK BERHAD; AND
(B) BY SCOMI OILTOOLS SDN BHD ("SOSB") (A WHOLLY-OWNED SUBSIDIARY OF SOL) OF ITS 4% EQUITY INTEREST (TOGETHER WITH THE ENTIRE 25,000,000 REDEEMABLE PREFERENCE SHARES) IN SCOMI KMC SDN BHD, 25% INTEREST IN SCOMI OILTOOLS GULF W.L.L. AND 25% EQUITY INTEREST IN CONTINENTAL WIRE CLOTH (MALAYSIA) SDN BHD, DATARAN PRIMA PROPERTY AND SOSB INVENTORIES AND EQUIPMENT TO OILTOOLS INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SPV 1;
FOR A TOTAL CASH CONSIDERATION OF RM21,000,000
(C) BY SOL OF ITS 100% EQUITY INTEREST IN THE IDENTIFIED COMPANIES (AS DEFINED HEREAFTER) TO FALCON RESIDENCES SDN BHD FOR A NOMINAL CASH CONSIDERATION OF RM1