Kuching, 5 May 2026 – Sarawak Consolidated Industries Berhad has secured shareholder approval for a strategic divestment exercise worth approximately RM151.19 million, marking a major step in the group’s plan to reset its balance sheet and sharpen its focus on construction and Engineering, Procurement, Construction and Commissioning projects.
The approval was obtained at SCIB’s Extraordinary General Meeting, where shareholders voted in favour of all resolutions tabled. The approved proposals comprise the disposal of the company’s entire 100% equity interest in SCIB Concrete Manufacturing Sdn Bhd for RM113.0 million, together with the disposal of seven parcels of land carrying a combined pre-agreed value of RM38.19 million.
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