Acceptance Of The Notice Of Termination By Its Wholly-Owned Subsidiary, SCIB Infraworks Sdn. Bhd.

Reference is made to the previous announcements made by Sarawak Consolidated Industries Berhad (“SCIB” or “the Company”) on 10 September 2021 in relation to Engineering, Procurement, Construction and Commissioning (“EPCC”) contract awarded to its wholly owned subsidiary company, SCIB Infraworks Sdn. Bhd. (Registration No.: 200101019133 (554890-K)) (“SCIBI”) for the project as follows (“Project”): -

The Board of Directors of SCIB wishes to announce that its wholly owned subsidiary company, SCIBI had on 5 September 2023 acknowledged and accepted the Notice of Termination issued by Satria Kasturi (M) Sdn. Bhd. (collectively referred to as “Parties” and each of them is referred to as “Party”) to mutually terminate the Contract as listed above, and unconditionally release and indefinitely discharge both parties from all claims, liens, and obligations of every nature arising out of or in connection with the performanceof the works, and all amendments thereto, save and except, the claims for work done (“Work Claim”), agreed by the parties for the obligations and liability as of the cut-off date on 12 May 2022.

The full details of the announcement is attached below.

This announcement is dated 5 September 2023.

Please refer attachment below.

Announcement Info

Attachments

1. SCIB_Notice_Termination_to_Bursa.pdf (Size: 116,106 bytes)