SCIB releases annual report; resumes trading on Jan 19


KUALA LUMPUR: Sarawak Consolidated Industries Bhd’s (SCIB) shares shall be resumed trading on Jan 19 following the discharge of its annual report 2021.

In a press release, SCIB mentioned it had submitted its annual report 2021 which included the annual audited monetary statements (AFS) along with the administrators’ studies for the collected 18 months of the monetary interval ended June 30, 2021 (FPE 21).

The firm has been suspended since Nov 9, 2021 after it didn’t concern its annual report for the monetary 12 months ended June 30, 2021 (FY21) by November 8, 2021.

Group managing director/ chief government officer Rosland Othman mentioned SCIB could be focusing on creating worth and optimising its efficiency within the 12 months forward as the corporate can put its full consideration into its growth into Peninsular Malaysia and East Malaysia.

“Even though we are met with a setback, SCIB is not deterred as we have other projects progressing according to schedule and we are also taking the initiative to look for opportunities in Malaysia and other neighboring countries.

“We have recognised potential prospects domestically and regionally, and SCIB is intended to fully capitalise on the emerging markets by re-strategising our geographical positioning,” he mentioned.

“Currently, our target market for business growth is focusing on the concessions of roadwork maintenance projects across Malaysia, housing development projects including PR1MA and Perumahan Penjawat Awam Malaysia (PPAM) contracts and water treatment plant projects,” he mentioned.

“We are still optimistic about the SCIB’s current and future prospects with SCIB aspired to be one of the main players in the global market.

“We hope to reinstill our shareholders’ confidence in us, as we believe that SCIB is prepared to grab any business opportunities that will emerge this year, further improving our existing RM1.2bil order book,” Rosland mentioned.

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