MGO triggered for SCIB

In a filing with Bursa Malaysia, SCIB said Karim had triggered an MGO for the group after having raised his stake in the building materials and construction company to 42.84%.

PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has received a conditional mandatory general offer (MGO) from its major shareholder, Datuk Mohd Abdul Karim Abdullah.

Karim is the founder and group managing director/CEO of oil and gas services provider Serba Dinamik Holdings Bhd.