Monday 14 November 2011

Scomi climbs on debt revamp plan

Scomi Group Bhd, a Malaysian engineering group, rose to a three-month high in Kuala Lumpur trading after saying it plans to revamp its debt by selling US$100 million of Islamic debt.

It also plans to dispose of some waste management assets for US$35 million.

Its shares climbed 1.7 percent to 30.5 sen at 9:10 a.m. local time, set for their highest close since Aug. 17. -- Bloomberg



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