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.
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