KUALA LUMPUR (Oct 29): Subsidiaries of Scomi Group Bhd have been served a notice of demand for US$19.13 million (RM79.83 million) by the Export-Import Bank of Malaysia (EXIM) over a failure to pay the amount due under bank facilities.
Scomi Transit Projects Brazil (Sao Paulo) Sdn Bhd (STPB), a wholly-owned unit of Scomi Engineering Bhd (SEB), which is in turn a wholly-owned unit of the Scomi group, had been the borrower while SEB had acted as its guarantor.