We refer to our announcement dated 5 September 2022 in relation to the Company's application for assistance to mediate by Corporate Debt Restructuring Committee ("CDRC") of Bank Negara Malaysia and our announcements dated 31 May 2022, 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 1 March 2023, 30 March 2023, 3 April 2023, 2 May 2023, 19 May 2023, 1 June 2023, 13 June 2023, 3 July 2023, 1 August 2023, 1 September 2023, 7 September 2023, 2 October 2023, 1 November 2023, 1 December 2023, 2 January 2024, 2 February 2024, 1 March 2024, 12 March 2024, 1 April 2024, 2 May 2024, 30 May 2024 and 4 June 2024, in relation to the Company being classified as an affected listed issuer and the disclosure requirements under Paragraph 4.1(c) of PN17.



The Board of Directors of the Company wishes to provide a status update that the Company had on 7 June 2024 received a letter dated 7 June 2024 from the CDRC stating that the CDRC has extended the standstill period for the Company and its relevant subsidiaries, which are listed in the Appendix 1 (“Admitted Group Companies”) as attached herein under the CDRC regime, up to 10 March 2025 after taking into consideration of the current status of the Company’s proposed restructuring scheme.



In line with Bank Negara Malaysia’s CDRC Participants Code of Conduct, the MCF Financiers are to continue observing an informal standstill and withhold all legal proceedings, and/or any other recovery action initiated or intended against SEB and/or the Admitted Group Companies as listed in Appendix 1.



Further announcements will be made as and when appropriate.



This announcement is dated 10 June 2024.

tiba2 up... apa citer

back to normal... everyday up 0.5 or 1 sen .. lama2 jadi RM1

harap tutup >1.20 petang ni

Today can break 1.15

gogogo 1.10 today

gogogo scib

nice closed 89 cents....

hari ni harap pecah 90 sen

hari ni harap pecah 90 sen

nice close 83 cents.... continue fly tomorrow

Alhamdulillah .. back to 0.80

sudah makan 82 sen

to throw away contra player😂

Alhamdulillah tutup 81 sen... semoga naik atas RM1

hopefully can fly to RM1

Mr. Ku Chong Hong, Managing Director of SCIB said, “This quarter's performance is
a clear indicator of SCIB's resilience and strategic prowess. Our return to profitability is
not just a number; it's a story of our relentless pursuit of excellence and efficiency in all
our operations. We're now reaping the benefits of our focused strategies and robust
management practices. Looking forward, we are excited about the prospects and
opportunities that lie ahead, especially with Malaysia's economic resurgence and the
initiation of substantial infrastructure projects. SCIB is fully committed to capitalising on
these opportunities to create lasting value for our stakeholders.”
Ku Chong Hong,
Managing Director of
SCIB (Link)
Page 2 of 2
SCIB's strategic moves, including the recent MOUs with Irix Sdn. Bhd. and PT MRT Jakarta and securing Islamic
Banking Facilities of RM34.0 million, are propelling the Company towards new horizons of growth. With a strong
order book balance of RM257.19 million, SCIB is well-positioned to further its expansion and continue its
trajectory of sustainable growth.
In conclusion, SCIB's Q1FY2024 results are not just figures but a testament to the Company's dynamic
leadership and its unwavering commitment to excellence. As the economic landscape evolves, SCIB stands
ready to embrace new challenges and opportunities, steering confidently towards a future filled with promise
and success

or Immediate Distribution
Page 1 of 2
SCIB’s Revenue Soar To RM39.4 Million With Profits Hit RM2.1 Million
Remarkable Turnaround to Profitability Highlights Management's Strategic Expertise and Promising Prospects
KUCHING, 29 NOVEMBER 2023 – Industrialised building systems specialist, Sarawak Consolidated
Industries Berhad ("SCIB" or the "Company"), today celebrates a significant milestone in its Q1FY2024
financial results. Demonstrating a remarkable turnaround, SCIB has not only boosted its revenue but also
transitioned into profitability, a testament to the strategic acumen and diligent efforts of its management team.
The Group announced a robust revenue of RM39.4 million for the quarter, a stellar 30% increase from the
RM30.3 million recorded in the same period last year. This strong performance is further accentuated by a profit
before tax (“PBT”) of RM2.1 million, a remarkable recovery from the loss of RM0.9 million in the corresponding
quarter of the preceding fiscal year.
The Manufacturing division, the cornerstone of SCIB's success, reported a revenue of RM29.6 million and a
PBT of RM4.2 million. This is a significant uplift from the RM24.2 million in revenue and RM1 million in PBT
seen in the same quarter of the previous year, driven by increased sales volume of foundation piles and
enhanced profit margins.
In the Construction/EPCC segment, the Company registered revenue of RM9.8 million, a positive development
attributed to ongoing road maintenance and school projects, despite a marginal loss before tax (“LBT”) of RM0.3
million, primarily due to higher expenditures.
In the latest quarter, SCIB's financial performance significantly outstripped the previous period, with revenue
soaring by 18.3% to RM39.4 million. This marked increase is a testament to the Company's robust sales and
operational efficiencies. More impressively, PBT witnessed a remarkable leap, which is a clear indication of
SCIB's successful strategic turnaround and management's effective decision-making in navigating the market
and optimising operations. This outstanding growth in both top-line revenue and bottom-line profits underscores
SCIB's strong market position and operational excellence

Sarawak Consolidated Industries Bhd (SCIB) has secured Islamic banking facilities of up to RM34 million, which will be used to redeem property, as working capital and operating expenditure. Its wholly-owned subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) accepted the Islamic banking facilities from Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) on Friday, according to the civil engineering specialist’s bourse filing. (TheEdge)

test new high today...

will touch 0.6 today

mother slowly up... son slowly die

sicb wb expired on 8/2/2024..

closed 0.56 💪👍

cantik close 555... esok cecah 60 sen

waiting for 55 cent

52 sen coming

40 cents coming

why volume ATAIMS up...? any news for new contract?

toward RM1 ... slow & steady

green

https://www.klsescreener.com/v2/announcements/view/5244381

https://www.youtube.com/watch?v=HRuaypRBBrc&t=661s

Alhamdulillah back to 37

TO 38cent...

back to RM1

30 sen is coming

20 sen done... waiting back to RM2

19 cts done

Close 6 sen... tomorrow close 10 sen.. huhu

Close 5 sen ...

Last QR for 31 Mar 2021... next QR baru profit tinggi

Above 10 sen pun jadilah dulu

why Mqtech tiba2 naik hari ni

tomorrow glove back to green... hopefully huhu

waiting my TP RM5

yes... not confirm yet...

Every 1 share get 4 free share... Price share theoritical devide to 5 after bonus issue

KUALA LUMPUR (May 7): Pharmaniaga Bhd has proposed a bonus issue of 1.06 billion shares on the basis of four bonus shares for every share held on an entitlement date to be announced later.

In a filing with Bursa Malaysia today, the integrated pharmaceutical group said the proposed bonus issue is an appropriate avenue to reward its shareholders as it will enable the existing shareholders to have greater participation in the equity of the company whilst maintaining their percentage of equity interest.

Besides that, Pharmaniaga said the bonus issue is also expected to enhance the affordability, marketability and trading liquidity of its shares, and thus provide opportunity for greater participation from a broader range of investors.

According to Pharmaniaga, the theoretical ex-bonus share price of its shares is expected to be between 68 sen and 77 sen.

Barring any unforeseen circumstances, the proposed bonus issue is expected to be completed by the third quarter of 2021.

Shares of Pharmaniaga went up nine sen or 2.65% to RM3.48 today, bringing it a market capitalisation of RM910.74 million. The counter saw 306,500 shares traded today.

Year to date, the counter has declined by 30.4% from RM3.48 on Dec 31, 2020.

Which palm oil stocks ?