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SARAWAK CONSOLIDATED INDUSTRIES BERHAD

(SCIB)
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Sarawak Consolidated Industries Berhad entered into conditional share sale agreement to acquire Kencana Precast Concrete Sdn Bhd from Bintang Kencana Sdn Bhd, Noorazylawati Binti Abu Bakar, Mohd Khairil Bin Mohd Hatta and Ibrahim Bin Mohd Noor for MYR 5 million.

04/14/2021 EST

Sarawak Consolidated Industries Berhad (KLSE:SCIB) entered into conditional share sale agreement to acquire Kencana Precast Concrete Sdn Bhd from Bintang Kencana Sdn Bhd, Noorazylawati Binti Abu Bakar, Mohd Khairil Bin Mohd Hatta and Ibrahim Bin Mohd Noor for MYR 5 million on April 14, 2021. On 9 April 2021, an amount of MYR 2,482 million, being ninety per cent (90%) of the balance of the Purchase Consideration (“Part Payment”) has been paid by the Purchaser to the Vendors. For FY 2020, Kencana Precast Concrete Sdn Bhd reported a net loss of MYR 0.1 million for its FY20. The proposed acquisition is expected to be completed by the second quarter of 2021. As of August 11, 2021 the acquisition is expected to complete by the third quarter of year 2021.


ę S&P Capital IQ 2021
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Financials
Sales 2020 516 M 122 M 122 M
Net income 2020 52,2 M 12,3 M 12,3 M
Net cash 2020 16,9 M 3,97 M 3,97 M
P/E ratio 2020 15,0x
Yield 2020 2,27%
Capitalization 119 M 28,1 M 28,1 M
EV / Sales 2019 2,23x
EV / Sales 2020 1,32x
Nbr of Employees -
Free-Float 69,4%
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Managers and Directors
Rosland Bin Othman Chief Executive Officer, Executive Director & MD
Jong Wei Chiew Chief Financial Officer
Encik Mohd Arif Bin Abdul Samat Finance Director
Mohammad Abdul Karim bin Abdullah Non-Independent Non-Executive Chairman
Tze Khang Chai Chief Operating Officer
Sector and Competitors