PETALING JAYA: Scomi Group Bhd 
plans to dispose of some assets within the next 12 months as the group aims to pare down its debt after its merger with Scomi Engineering Bhd .
Scomi Group told StarBiz the asset disposal is one of the avenues to reduce the debt position.
Apart from asset disposals, we are also considering using cash from our operations to reduce our debt.
As to timeline, we hope to materialise the asset disposals within the next six to 12 months, a spokesperson from the company said.
As at Sept 30 last year, Scomi Group stood in a net debt position of RM673.7mil, while Scomi Engineering has a net debt of RM473.6mil.
The spokesperson said Scomi Groups proposed merger exercise with Scomi Engineering will proceed.
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Read the full article at: https://www.thestar.com.my/business/business-news/2018/01/15/scomi-group-may-sell-some-assets/