Following the unfought victory - the resignation of 3 less-than-satisfactory directors, the EGM was passed perfectly to say the least.

But to our surprise, there is more to come for SCIB.

Following an announcement made yesterday, the company embraces a new Executive Chairman (“EC”) Abang Abdillah Izzarim bin Datuk Patinggi Tan Sri Abang Hj Abdul Rahman Zohari.

Some of you, including me at the time of writing may not be aware who this individual is, but a deeper look into the new EC’s profile did surprise me.

The new ED - is also sitting on the board of ARTRONIQ (0038) and APB (5568), where both of the companies are evolving for the better good.

Now most importantly, SCIB is previously involved in a lot of EPCC, which is contractual work.

The 3 directors who left, obviously failed to bring deals to the table.

However, the new EC, who is the son of Sarawak’s CM (you may google his profile), almost guarantees an enhancement of contract for SCIB.

Despite a meteoric rise in share price, don’t forget SCIB originally had resources for EPCC deals, but was however “underutilized” by the directors who left.

With a market capitalisation of RM288.0 as at this moment, how far can SCIB go with more EPCC deals coming in?

Will SCIB go back to its glory days of having billions in market capitalisation?

We shall see…