Description |
Issuance of 491,279,410 warrants in Scomi Group Bhd ("Scomi") ("Warrants") pursuant to the:
(i) bonus issue of 477,765,360 Warrants on the basis of 1 Warrant for every 2 existing ordinary shares held in Scomi ("Shares"); and
(ii) issuance of 13,514,050 Warrants arising from the merger of Scomi Engineering Bhd with Scomi to be undertaken by way of a members scheme of arrangement pursuant to Section 366 of the Companies Act 2016 |