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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs

Others Also Read