Big game, much money at play Investors turn to Sarawak Consolidated Industries as Zecon Bhd looks set for privatisation


KUCHING: The proposed privatisation of Zecon Bhd has spurred investor interest in Sarawak Consolidated Industries Bhd (SCIB) as the two companies share common major shareholders.

Dawla Capital Sdn Bhd and Datuk Zainal Abidin Ahmad, together with Tan Sri Hamid Bugo and Zainurin Ahmad, have offered to pay Zecon’s minority shareholders 80 sen per share in cash amounting to RM35.78mil and entitled warrant shareholders 5 sen per warrant totalling RM1.14mil.

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