KUALA LUMPUR: Sarawak Consolidated Industries Bhd
(SCIB) has got the green light from its shareholders for two proposals aimed at bolstering its financial framework and retaining talent.
In a statement, the group said the first proposal passed at an extraordinary general meeting held recently involves the capitalisation of an aggregate RM11.3mil debt owed to Goh Hardware & Construction Sdn Bhd by SCIB Properties Sdn Bhd, a subsidiary of SCIB.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
