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Scomi Energy gets shareholders’ nod for sale of oilfield services business for RM21m

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KUALA LUMPUR, Aug 8 — Scomi Energy Services Bhd (SESB) shareholders have approved the disposal of the company’s oilfield services business for RM21 million cash at its...

KUALA LUMPUR, Aug 8 — Scomi Energy Services Bhd shareholders have approved the disposal of the company’s oilfield services business for RM21 million cash at its extraordinary general meeting held today.

“The shareholders also approved the disposal by Scomi Oiltools Sdn Bhd, a subsidiary of SESB, of its equity interest in Scomi KMC Sdn Bhd, Scomi Oiltools Gulf WLL, its property in Dataran Prima and its inventories and equipment to Oiltools International Sdn Bhd,” the company said in a statement today.

“This disposal of the oilfield services business is part of the rehabilitation of SESB in line with developing its regularisation plan,” he said.

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