KUALA LUMPUR (Jan 31): Practice Note 17 (PN17) company Scomi Energy Services Bhd (KL:SCOMIES) said its executive director Amirul Azhar Baharom has stepped down with effect from Friday.
Amirul, 51, resigned from his post “to pursue personal interest”, according to the former oil and gas and transport solutions industries service provider’s bourse filing.
Amirul’s departure marks the latest exit in Scomi Energy’s board exodus.
Independent non-executive chairman Raja Ahmad Murad Raja Bahrin retired on Dec 16 last year, followed by independent non-executive director Ruziah Mohd Amin's resignation on Jan 1.
Non-independent non-executive director Wong Mun Keong resigned on the same day as Amirul.
It is understood that Scomi Energy’s board currently comprises only non-independent non-executive director Aminodin Ismail and independent non-executive director Raja Hisham Muddin R Mohd Iskandar, who was appointed on Jan 27.
Scomi Energy has been a PN17 company since January 2020.
A regularisation plan which would have seen the company diversify into the construction business and the entry of Dhaya Maju Infrastructure (Asia) Sdn Bhd group executive director Datuk Seri Dr Subramaniam Pillai Sankaran Pillai as its major shareholder did not proceed in July last year.
Last November, Scomi Energy announced it was in preliminary discussions with an undisclosed white knight to formulate a regularisation plan slated for submission by Friday. There has been no announcement from the company so far relating to the matter.
The last update on its PN17 status was the company reiterating its Jan 31 deadline to submit a regularisation plan.
Shares in Scomi Energy have been suspended since July last year after it failed to submit its regularisation plan on time to Bursa Securities.
It last traded at half a sen per share, valuing the company at RM2.3 million.