What’s Karim’s plans for SCIB?THE takeover offer in Sarawak Consolidated Industries Bhd
(SCIB) ended with major shareholder Datuk Mohd Karim Abdullah and parties acting in concert holding more than half of the company.
The offer at RM1.10 was lower than the fair value of between RM1.14 and RM1.23, but higher than the volume weighted average price of the shares of the Sarawak-based company if compared over the last six months.
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