Scomi Group Bhd has applied for judicial management as part of its financial restructuring scheme. “Judicial management is a corporate rescue mechanism pursuant to the Companies Act, 2016 that provides a framework to give companies which are in financial distress an opportunity to be rehabilitated,” the group noted in a statement
Scomi applies for judicial management to help rehabilitate group
2021-04-15T12:29:53-04:00April 15th, 2021|
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