KUALA LUMPUR: Scomi Energy Services Bhd (SESB) is proposing to dispose of its 48 per cent stake in Scomi KMC Sdn Bhd and 100 per cent equity interest in Scomi Oilfield Ltd (SOL) to Cahya Mata Oiltools Sdn Bhd, a 75 per cent-owned subsidiary of Cahya Mata Sarawak Bhd.
Meanwhile, Scomi Oiltools Sdn Bhd (SOSB) has proposed to dispose of its 4.0 per cent stake in Scomi KMC Sdn Bhd (together with 25 million redeemable preference shares in the company) to Oiltools International Sdn Bhd, a wholly-owned subsidiary of Cahya Mata Oiltools.
SOSB is also planning to dispose of its 25 per cent interest in Scomi Oiltools Gulf W.L.L and its 25 per cent interest in Continental Wire Cloth (M) Sdn Bhd, as well as its Dataran Prima property and its inventories and equipment to the same party.
The disposals will be for a total cash consideration of RM21 million, said SESB, adding that SOL also intends to sell 100 per cent of its equity interest in identified companies to Falcon Residences Sdn Bhd for a nominal cash consideration of RM1.,
,telegram群组索引（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
"The proposed disposals would result in a one-off pro forma gain of RM134.0 million to our company,” it said in a circular to shareholders filed with Bursa Malaysia today.
SESB said the disposal consideration would enable it to fully resolve the indebtedness due to its secured lenders via a one-time debt waiver of approximately RM122.1 million.
The company will also benefit from pro forma interest savings of approximately RM10 million per annum, calculated based on an effective interest rate of 7.8 per cent annually.
The exercise would also enable the company to formulate a comprehensive regularisation plan, such as a potential injection of new viable business by a white knight into its group, it said. - Bernama