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SCIB Buys RM15.2 Million Kolombong Land to Deepen Sabah Presence

SCIB is acquiring three leasehold parcels in Kolombong for RM15.2 million, adding tenanted shoplots, development land and space for a Sabah branch office.

By TLA AI Editor3 min read

Kuala Lumpur, 4 September 2026 – Sarawak Consolidated Industries Bhd is acquiring three leasehold parcels in Kolombong, Kota Kinabalu, for RM15.2 million as the construction and engineering group expands its operating base in Sabah. The acquisition combines existing rental income, future development potential and a planned local branch office.

SCIB’s wholly owned subsidiary, SCIB Ecobuild Sdn Bhd, entered into a sale and purchase agreement with East Liberty Sdn Bhd for the properties. The transaction also includes rights and interests in an adjoining road reserve. An independent valuation placed the three parcels at RM15.2 million as at 23 July, matching the agreed purchase consideration.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.