SCIB exercises option to sell two land lots to SCM for RM 24 million before adjustments

Bitget2026/10/29 10:45

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Sarawak Consolidated Industries exercised its option to sell Lots 1166 and 1541 to SCM on October 29, 2026.
The parties signed a land sale agreement that day at a pre-agreed price of RM 24 million.
The price will be reduced by all rent and related service tax SCM paid since the tenancy agreement began.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sarawak Consolidated Industries Berhad published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720424) on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SCIB exercises option to sell two land lots to SCM for RM 24 million before adjustments

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