Scomi Engineering to be delisted on Feb 28
23 Feb 2018 / 19:40 H.
PETALING JAYA: Scomi Engineering Bhd (SEB) will be delisted from Bursa Malaysia on February 28 after the completion of its merger with parent company Scomi Group Bhd.
To recap, it was supposed to be a three-way merger between Scomi, SEB and Scomi Energy Services Bhd (SESB). However, the proposal received objection from SESB shareholders. As a result, Scomi did not proceed with its merger with SESB.
Trading in SEB shares has been suspended since February 9 to facilitate the implementation of the merger exercise.