The Board of Directors of Sarawak Consolidated Industries Berhad ("SCIB" or "the Company") wishes to announce that the Company had on 4 January 2024 received an offer from Jabatan Tanah dan Survei, Bahagian Kuching (also referred to as "the Land and Survey Department of Sarawak") for the acquisition of five (5) plots of land known as Lot 787,788,789, 790 and 791 Block 4 Muara Tebas Land District (Plots 11,12,13,14 and 15) at Taman Perindustrian Demak Laut Phase IIb (Stage 2), Kuching, Sarawak with a total area of approximately 8.8544 ha (about 21.879 acres) ("the Land"), for a total purchase consideration of RM21,621,356 ("Purchase Consideration") to be satisfied in cash (hereinafter referred to as "the Land Acquisition").

Pursuant to Paragraph 10.06 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of SCIB wishes to announce that the Company had on 26 January 2024 accepted the offer from the Land and Survey Department of Sarawak for the Land Acquisition ("Proposed Acquisition"), subject to terms and condition as stipulated in the Letter of Offer.

Further details of the Announcement are set out in the attachment below.

This announcement is dated 26 January 2024. 

Please refer attachment below.