SCIB cancels RM49mil facility following strategic divestment

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PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has cancelled a financing facility of up to RM49mil with Malaysian Industrial Development Finance Bhd (MIDF) following the strategic divestment of its manufacturing arm, a move aimed at strengthening the group’s balance sheet and sharpening its focus on construction and EPCC activities. Read full story

Date: 3 February, 2026 7:00 pm
Source: thestar.com.my

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