<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 14): Shares in Scomi Energy Services Bhd fell 10% this morning after it proposed to reduce its issued share capital by RM560 million, followed by the consolidation of every five existing shares into one unit.</div>

<div class=newsTextDataWrapInner>At 9.17am, Scomi Energy fell 1 sen to 9 sen for a market capitalisation of RM210.76 million.</div>

<div class=newsTextDataWrapInner>Scomi Energy said the proposals are intended to rationalise the financial position and share capital of the company by reducing its accumulated losses and the number of shares issued.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The proposed share consolidation will result in an adjustment to the reference price of the shares listed and quoted on the Main Market of Bursa Malaysia but will not have any impact on the total market value of the consolidated shares held by the company's shareholders.</div>

KUALA LUMPUR (Oct 14): Shares in Scomi Energy Services Bhd fell 10% this morning after it proposed to reduce its issued share capital by RM560 million, followed by the consolidation of every five existing shares into one unit.

At 9.17am, Scomi Energy fell 1 sen to 9 sen for a market cap...

Scomi Energy Services falls 10% on proposal to reduce share capital

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Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

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