PN17 status Scomi Energy which was supposed to submit its regularisation plan to Bursa Securities on how it will sort out its financial predicament has asked for an extension of the deadline to submit the plans.
In a filing to the Exchange, the Board of Directors of the Company said they are in the midst of preparing and finalising its regularisation plan to address its financial condition and is awaiting the decision of Bursa Securities in relation to the application for an extension of time up to 31 October 2022.
The oil and gas company which was listed on the main board in KLSE has been facing dire financial status since 2019, this then led to the company being listed in the PN17 list joining its parent company Scomi which was added in 2019.
