News

Scomi Group proposes corporate exercises to boost financial position



KUALA LUMPUR, May 27 (Bernama) -- Scomi Group Bhd (SGB) plans to undertake a series of corporate exercises, including a share capital reduction, a four-for-one share consolidation and a rights issue of shares with warrants, to put it on a firmer financial footing.

In a filing with Bursa Malaysia, the oilfield and transport solutions group said it proposed to reduce its issued share capital from RM224.96 million to RM40 million.

This would give rise to a tax credit of RM184.96 million that might be used to set off against losses in the near future, it said.

The company also proposed to consolidate every four existing shares in SGB into one SGB share as well as to make a renounceable rights issue of up to three rights shares with one free detachable warrant for every consolidated share.

At an issue price of 18 sen per share, this proposed cash call would raise between RM75.59 million and RM214 million, SGB said.

Under the minimum scenario, the biggest portion of the proceeds would go towards the repayment of advances from 65.65 per cent-owned subsidiary Scomi Energy Services Bhd and a RM23 million cash settlement to Maybank. An additional RM15 million of the total settlement sum would be paid by issuing SGB consolidated shares to the bank.

If the maximum scenario is achieved, SGB would set aside the biggest portion -- RM104.43 million -- for working capital.

SGB expects the proposals to be completed by the second half of this year.

The counter fell 1 sen to close at 7.5 sen today.

-- BERNAMA




    Other News

Memupuk Generasi Peka Dan Bijak Tenaga Di Green Guardian Centre Pusat Sains Negara

KUALA LUMPUR, 11 Jun (Bernama) -- Pelancaran pameran interaktif Green Guardian Centre di Pusat Sains Negara menyasarkan untuk memupuk generasi muda supaya memahami dan mengguna tenaga secara bijak sekali gus mendukung Pelan Hala Tuju Peralihan Tenaga Negara (NETR) demi kehidupan lebih sejahtera.


Dasar Peralihan Tenaga Sarawak Libatkan Kerjasama Dengan Negara Lain - Abang Johari

Premier Sarawak Tan Sri Abang Johari Tun Openg berkata Dasar Peralihan Tenaga negeri itu atau SET-P, satu lagi pelan hala tuju ke arah tenaga hijau bagi memastikan masa depan yang mampan, bersih dan makmur, akan melibatkan kerjasama dengan negara lain.  


Kerajaan Perlu Teroka Penggunaan Tenaga Alternatif Murah Ganti Diesel - Abang Johari

KUCHING, 10 Jun (Bernama) -- Premier Sarawak Tan Sri Abang Johari Tun Openg menyarankan Kerajaan Persekutuan agar mencari dan meneroka tenaga alternatif yang murah serta mampan bagi menggantikan penggunaan diesel di seluruh Malaysia. 



© 2024 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Contact us :
General [ +603-2693 9933, helpdesk@bernama.com ]
Product/Service Enquiries [ +603-2050 4466, digitalsales@bernama.com ]