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SCIB exercises option to sell two land lots to SCM for RM 24 million before adjustments
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SCIB exercises option to sell two land lots to SCM for RM 24 million before adjustments
  • 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:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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