Scomi energy share price - Scomi Energy Services Bhd (SCOMIES) Stock Price & News

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Recognition of the separatist-held areas will narrow the diplomatic options to avoid war, since it is an explicit rejection of a seven-year-old ceasefire mediated by France and Germany.

Russian oil and gas exports were already being shunned before the ban as traders sought to avoid running afoul of future sanctions.

Scomi Group Bhd sank to its all-time low of half a sen on Tuesday, after slipping two sen or 80% amid a potential delisting of the PN17 company.

Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle.

Scomi Energy was recently in the news after Bursa Malaysia Securities had on Jan 21 rejected its application for a waiver from being classified a PN17 company.

The company was founded on August 14, 1996 and is headquartered in Petaling Jaya, Malaysia.

Scomi Group Bhd SGB said it had on Dec 19 submitted an application to seek Bursa Securities' approval for an extension of time of up to Feb 28, 2020 for SGB to issue the circular for its share capital reduction proposal.

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Its decision reflects easing concerns over a big surplus in the first quarter, as well as a wish to provide consistent guidance to the market.
German Chancellor Olaf Scholz's spokesman said Germany, France and the United States had agreed to respond with sanctions, while British Foreign Minister Liz Truss said Britain would announce new sanctions on Tuesday.
President Joe Biden announced a ban on Russian oil and other energy imports.

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