SCIB provides up to RM11mil for impairment

General manager Chai Tze Khang said the company was working closely with the consultants and had submitted its designs for the proposed extension projects of seven more schools.

KUCHING: Sarawak Consolidated Industries Bhd (SCIB) is expected to provide up to RM11mil for impairment of its investment in Sabah-based Carlton Gardens Sdn Bhd, which it has acquired.

Carlton Gardens owns an industrialised building system (IBS) factory in Beaufort district. The company became a wholly-owned subsidiary of SCIB following the completion of the acquisition in July 2017.