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Material Litigation
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | CLARIFICATION OF MEDIA REPORT RELATING TO NOTICE TO DISCONTINUE WITH THE CLAIM TO RECOVER RM19.72 MILLION FROM AWANA JV SURIA SAGA SDN. BHD. ("AWANA"). |
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The Board of Directors of SCIB wishes to clarify a recent news article dated 23 April 2025 by a local press in relation to the report that "SCIBP has withdrawn its lawsuit against Awana". The relief previously sought by SCIBP in the separate suit against Awana has been incorporated into the Main Suit. The statement of claim was amended on 18 April 2025 to consolidate the legal actions for a more streamlined and effective litigation process. As such, the separate suit has been discontinued. SCIBP remains committed to pursuing the recovery of the claimed amount through the Main Suit, and the discontinuation of the separate action does not represent a withdrawal or abandonment of its claim. SCIB will continue to keep shareholders and stakeholders informed of any material developments.
This announcement is dated 23 April 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Stock Name | SCIB |
| Date Announced | 23 Apr 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23042025-00029 |
Attachments
- SCIB-Press-Clarification_to_Bursa_20250423.pdf (Size: 188,471 bytes)
