OTHERS CANCELLATION OF TERM FINANCING-I ("TF-I"") FACILITIES GRANTED BY MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD TO SCIB CONCRETE MANUFACTURING SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SARAWAK CONSOLIDATED INDUSTRIES BERHAD
| SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CANCELLATION OF TERM FINANCING-I ("TF-I"") FACILITIES GRANTED BY MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD TO SCIB CONCRETE MANUFACTURING SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
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Reference is made to the announcement made by Sarawak Consolidated Industries Berhad (“SCIB” or “the Company”) on 28 April 2025 in relation to the acceptance of the Term Financing-i Facilities of up to the aggregate sum of Ringgit Malaysia Forty-Nine Million (RM49,000,000) only ("Facilities") under the Soft Financing Scheme For Automation and Modernisation granted by Malaysian Industrial Development Finance Berhad (“MIDF”) to SCIB Concrete Manufacturing Sdn. Bhd. [Registration No.: 200101019131 (554888-U)] (“SCM”) an indirect wholly-owned subsidiary of SCIB.
The Board of Directors of SCIB (“Board”) wishes to announce that SCM had, on 19 January 2026, issued a Notice of Cancellation (“Notice”) to MIDF to cancel the Facilities, and the Company had on 3 February 2026 received a confirmation letter from MIDF dated 29 January 2026 agreeing to the cancellation of the Facilities ("Cancellation").
Full details of the Cancellation attached below.
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Please refer attachment below.
Announcement Info
| Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Stock Name | SCIB |
| Date Announced | 03 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03022026-00070 |