KUCHING: Scomi Group Bhd (Scomi) announced in its filing to Bursa Malaysia yesterday, that its additional 24,000 new ordinary issued pursuant to its Emplyees’ Share Option Scheme (ESOS) will be granted listing and quotation on Bursa Malaysia with effect on January 4 next year.
Previously, the group recently raised RM151 million from a renounceable rights issue of Irredeemable Convertible Secured Loan Stocks (ICSLS) with warrants.
In its statement, Scomi said the issue, which stands for three years at four per cent, had been fully-subscribed.
Listed on the Main Market of Bursa Malaysia Securities Bhd, Scomi is a global technology enterprise involved in oilfield services, public transportation and marine services. It has almost 50 years of experience in the industry servicing numerous local and multinational customers in Asia, Europe, Africa, Middle East and the Americas.
The group has now drawn strong interest from Brazil, the Gulf States, India and China through its public transportation technology-the monorail.
Particularly in Brazil, it was selected as one of the main bidders in a Sao Paulo monorail project worth RM2.2 billion, in which it has partnered with a local company CR Almeida SA Enganharia De Obras.
The project had come about following the US$13 billion allocation by the Brazilian government for public infrastructure in conjunction with the country’s hosting the 2014 World Cup in Sao Paolo, as well as its bid for the 2016 Summer Olympics in Rio de Janeiro.
Brazil has been marked as a key country in the group’s global expansion plan.
Additionally, its oilfield services business under subsidiary Scomi Oiltools has also won several new projects in the Brazilian region to supply specialty drilling fluids chemicals and engineering services.
It is also noteworthy to remark that the group recently appointed its subsidiary Scomi Engineering Bhd’s former president Hilmy Zaini as its new country president for Brazil to focus on tailoring its product offerings and seeking new opportunities in the country.