KUALA LUMPUR: Shares in Sarawak Consolidated Industries Bhd (SCIB) rose in early trade Thursday after it secured a RM80mil contract to supply medical equipment for a proposed specialist hospital in Johor Bahru.
The counter added 2.44%, or 1.5 sen to 63 sen with 2.66 million shares traded at 9.15am. SCIB-WB added 2.38%, or 0.5 sen to 21.5 sen.
SCIB said the contract is for the procurement, supply, installation, testing and commissioning of medical equipment at a proposed specialist hospital in Johor Bahru.
The engineering, procurement, construction and commissioning contract from Kencana Heathcare Sdn Bhd has a minimum duration of 10 years and may be mutually extended by another five years, it said.
The project sum is the maximum purchasing budget for all the equipment to be supplied on a capital equipment lease concession basis.
The scope of work includes sourcing and negotiation of all medical equipment based on the supply list to be provided by KHSB and endorsed by the operator, the National Heart Institute (IJN), it said.
Among others, SCIB is required to provide comprehensive maintenance for 10 years starting from the date of installation, acceptance of supply or commissioning of the equipment.