Update on Scomi

Update to earlier blog psoting: Privatisation Of Scomi

Just saw this earnings announcement:

SCOMI GROUP BERHAD
ARTICLE ENTITLED: "Scomi to be taken private?"

• Reference is made to a query from Bursa Malaysia Securities Berhad dated 15 November 2006 in relation to the article appearing in The New Straits Times (Business Times, page 39) on Wednesday, 15 November 2006 and in particular pertaining to the statement which is reproduced as follows:
  -"…major shareholders of Scomi Group Bhd may take the … firm private in a bid worth as much as RM1 billion."
  The Board of Directors of Scomi Group Bhd wishes to advise that, the Company is not aware of any plan or intention by its major shareholders relating to the issues highlighted in the said article and has not received any notice from its major shareholders relating thereto.
  In addition, the Company has made due enquiry with its largest shareholder, Kaspadu Sdn Bhd, and has been informed that although Kaspadu has received a number of preliminary proposals relating to its stake in the Company, no decision with respect thereto has been made that warrant announcement by the Company.

So who COOKED UP the story??

:P