Scomi says Maybank has right to sell SESB shares
KUALA LUMPUR: Malayan Banking Bhd 
(Maybank) has the right to dispose of 206.04 million shares of Scomi Energy Services Bhd (SESB) if its parent company Scomi Group Bhd fails to settle RM201.91mil owed to the bank.
Scomi Group in a statement yesterday said the other financiers other than Maybank were Pembangunan Leasing Corporation Sdn Bhd for a leasing facility and CIMB Bank Bhd for overdraft and foreign exchange contract limit facilities.
It was responding to a query from Bursa Malaysia Securities following its Feb 13 announcement that it had received a notice of demand for RM113.96mil from Maybank after its wholly-owned rail unit failed to pay RM201.9mil owed to the bank.
Scomi Rail Bhd and Scomi Group were in the process of negotiating a resolution with Maybank, it had said on that day in a statement to Bursa.
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