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November 17, 2020 |The Edge Market

KUALA LUMPUR (Nov 17): Sarawak Consolidated Industries Bhd (SCIB)'s shareholders have approved the company's proposed three-for-one bonus issue and free warrants during a virtual EGM held today.

SCIB said in a statement that the virtual EGM was convened for the bonus issue of 367.9 million new ordinary shares in the company on the basis of three bonus shares for every one existing SCIB share held on an entitlement date to be determined and announced later.

August 27, 2020 |New Straits Times

KUALA LUMPUR: Sarawak Consolidated Industries Bhd posted RM5.97 million net profit in the second quarter ended June 30 2020 to reverse the RM110,000 net loss a year ago. Group revenue rose more than four fold to RM94.91 million from RM17.86 million previously, SCIB said in a statement today.The higher revenue was mainly contributed by its construction and EPCC segment at RM84.53 million followed by its manufacturing segment at RM10.38 million.

August 18, 2020 |Borneo Post

KUALA LUMPUR (Aug 18): Sarawak Consolidated Industries Bhd (SCIB) has bagged three engineering, procurement, construction and commissioning (EPCC) contracts worth a combined RM707.24 million in Abu Dhabi, Malaysia and Indonesia.

July 21, 2020 |Borneo Post

KUCHING: With a rich historical record of supplying industrialised building systems (IBS) and precast products to key jobs in Sarawak, Sarawak Consolidated Industries Bhd’s (SCIB) new strategy to establish themselves as a contractor in Sarawak is extremely timely as it is ahead of Sarawak’s 2021 state elections which would be held latest by September 2021.

July 21, 2020 |The Edge Market

PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) is seen as the dark horse in Sarawak’s construction sector with a new shareholder that could help it land a higher order book and gain from its relationship with Serba Dinamik Holdings Bhd .

Kenanga Research has written that SCIB stands a chance to win sub-contracting jobs from Serba Dinamik, having already secured shareholders’ approvals from both of the listed entities to allow related-party transactions.

June 17, 2020 |The Edge Market

KUALA LUMPUR (June 17): Sarawak Consolidated Industries Bhd (SCIB), whose first quarter net profit jumped by nearly 170%, has announced a dividend policy of at least 30% of profit for each financial year.<

“It is the intention of the board to adopt a dividend payout ratio of at least 30% of the profit after tax attributable to the owners of SCIB for each financial year, excluding any unrealised income from adjustments due to accounting policies that are non-cash in nature,” the construction and manufacturing group said in a filing to Bursa Malaysia today.

June 17, 2020 |The Star

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) said it is on track to achieve an internal target to secure RM1.5bil worth of contracts this year after the company reported a strong rst quarter results.
"At present, the Group has secured RM1.1bil order book of works which can be translated into earnings for this and next financial years," SCIB said in a filing with Bursa Malaysia today.

June 08, 2020 |The Star

KUCHING: Sarawak Consolidated Industries Bhd (SCIB) expects to raise up to RM66.88mil from a private placement to fund its ongoing construction projects overseas and future projects. The company will issue up to 36.75 million new shares, representing up to 42.8% of the total shares of 85.88 million units, to interested directors and third-party investors, at RM1.82 per share.

June 04, 2020 |The Star

KUALA LUMPUR (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB), which successfully concluded its extraordinary general meeting (EGM) yesterday via live streaming, today said its shareholders have passed all four resolutions presented to them during the meeting.

May 27, 2020 |Borneo Post

KUCHING: Sarawak Consolidated Industries Bhd (SCIB) says its key strategy is to expand its presence and business beyond Malaysia.Given the turbulent and uncertain global business trends across the world amidst the Coronavirus Disease 2019 (Covid-19) pandemic, the risk of recession is now higher and as a business, but SCIB assured that it is bracing for the worst and preparing for what the future might hold.

March 10, 2020 |The Edge Market

LAST Thursday, Sarawak Consolidated Industries Bhd (SCIB) reported earnings for its just-ended financial year: Not only did the company revert to profitability, it also posted a record RM85.79 million in revenue. The turnaround comes nine months after its new chairman Datuk Dr Mohd Abdul Karim Abdullah, the billionaire behind Serba Dinamik Holdings Bhd, emerged as a new major shareholder. This was followed by changes to its management team and board of directors.

April 08, 2020 |The Edge Market

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB), whose share price has more than doubled in the past two weeks, has announced that it wants to raise fresh capital of RM66.5 million to fund the upcoming construction projects that it will secure from its sister company — Serba Dinamik Holdings Bhd.

April 07, 2020 |The Edge Market

KUALA LUMPUR (April 7): Sarawak Consolidated Industries Bhd (SCIB) is proposing to undertake a private placement to raise RM66.52 million to fund the company’s upcoming construction projects. It is also proposing a recurrent related party transaction of a revenue and trading nature between SCIB and Serba Dinamik Holdings Bhd to the tune of RM1.37 billion.

April 03, 2020 |New Starits Times

KUALA LUMPUR: Sarawak Consolidated Industries Bhd’s (SCIB) subsidiary SCIB International (Labuan) Ltd has bagged a collective US$200.45 million (RM864.54 million) contracts from clients in the Middle East. In an exchange filing today, SCIB said they were for the provision of three engineering, procurement, construction and commissioning (EPCC) works in Qatar and Oman.