The Board of Directors ("Board") of SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" or "Company") wishes to announce that SCIB PROPERTIES SDN. BHD. [Company Registration No.: 200101019135 (554892-V)] ("SCIBP") ("Purchaser"), an indirect wholly-owned subsidiary of SCIB, had on 18 September 2024 entered into a Sale & Purchase Agreement ("SPA" or "Agreement") to purchase all that parcel of land and appurtenances thereof situated at Bintulu Sibiu Road, Bintulu containing an area of 2.49 hectares, more or less, and described as Lot 1673 Block 32 Kemena Land District ("Property") from GINTECK SDN. BHD. [Company Registration No.198801009207 (176564-H)] ("GINTECK" or "Vendor") for a Purchase Price of Ringgit Malaysia Nine Million Two Hundred and Twenty-Five Thousand (RM9,225,000.00) only ("Purchase Consideration") ("Proposed Acquisition").

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

This announcement is dated 18 September 2024. 

Please refer attachment below.