Scomi Energy proposes equity sales

TheStar Fri, Jul 22, 2022 07:11am - 1 year View Original


Meanwhile, Scomi Oiltools Sdn Bhd (SOSB) has proposed to sell its 4% stake in Scomi KMC Sdn Bhd (together with 25 million redeemable preference shares in the company) to Oiltools International Sdn Bhd, a wholly-owned unit of Cahya Mata Oiltools.

KUALA LUMPUR: Scomi Energy Services Bhd (SESB) is proposing to dispose of its 48% stake in Scomi KMC Sdn Bhd and 100% equity interest in Scomi Oilfield Ltd (SOL) to Cahya Mata Oiltools Sdn Bhd, a 75%-owned subsidiary of Cahya Mata Sarawak Bhd.

Meanwhile, Scomi Oiltools Sdn Bhd (SOSB) has proposed to sell its 4% stake in Scomi KMC Sdn Bhd (together with 25 million redeemable preference shares in the company) to Oiltools International Sdn Bhd, a wholly-owned unit of Cahya Mata Oiltools.

SOSB is also planning to dispose of its 25% interest in Scomi Oiltools Gulf W.L.L and its 25% interest in Continental Wire Cloth (M) Sdn Bhd, as well as its Dataran Prima property and its inventories and equipment to the same party. — Bernama

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

CMSB 0.925
SCOMIES 0.005

Comments

Login to comment.