SARAWAK Consolidated Industries Bhd (SCIB) is acquiring a 2.49-hectare vacant leasehold land in Bintulu for RM9.23 million.
The purchase, made through its subsidiary SCIB Properties Sdn Bhd from Ginteck Sdn Bhd, aims to support a new housing project using the company’s precast concrete products.
The deal, expected to complete by December 31, will be funded by internal funds and bank borrowings, with plans to convert the land for mixed development.
SCIB’s share price closed steady at 23.5 sen today , with a market value of RM155 million. –TMR
If you want to make money in Sarawak, it's in Bintulu, the most happening place. PetroChem activities alone is expected to add 74,000 jobs in Bintulu area.
Most competitive unsubsidised electricity tariffs in Asean, business-friendly policies and abundant RE sources enabled the state to attract foreign investors
by ADAM MOHAMED RAHIM & NAI WAN YAN / pic BLOOMBERG
SARAWAK is upping its ante with supercharged infrastructure. In light of the higher development expenditure (DE) allocated for Sarawak — not just at the federal, but state level, we view that catalytic infrastructure enhancement will take place. This is further backed by the state’s Post-Covid-19 Development Strategy (PCDS) 2030, which aims to reach a GDP of RM282 billion by 2030 versus the estimated RM146 billion for 2023 based on the projection by Sarawak’s Economic Planning Unit.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fregend
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Posted by fregend > 1 month ago | Report Abuse
will ding dong around 0.23-0.26 unless got good news