KUCHING, 23 APRIL 2025 – Industrialised building systems specialist, Sarawak Consolidated Industries Berhad (“SCIB” or the “Company”) wishes to issue a clarification in response to a media report dated 23 April 2025 concerning the discontinuation of a legal suit involving its wholly-owned subsidiary, SCIB Properties Sdn. Bhd. (“SCIBP”), and Awana JV Suria Saga Sdn. Bhd. (“AWANA”).
Contrary to the implication in the report that SCIBP has entirely withdrawn its lawsuit against AWANA, the Company confirms that the legal reliefs previously sought under a separate suit have been consolidated into a broader legal action (“the Main Suit”). The amended statement of claim, filed on 18 April 2025, integrates the RM19.72 million recovery claim into the Main Suit to streamline proceedings and facilitate a more efficient litigation process.
SCIB affirms that the discontinuation of the separate action does not reflect a withdrawal or abandonment of the Company’s claim. Rather, it represents a strategic legal approach to pursue the matter more effectively under a single consolidated suit.
Mr. Ku Chong Hong, Managing Director of SCIB commented, “We would like to assure our shareholders and stakeholders that SCIB remains fully committed to recovering the RM19.72 million from AWANA. The consolidation of claims into a single legal action is a procedural refinement that enables us to pursue our rights more efficiently and with greater legal clarity. There has been no compromise to the substance or seriousness of our position. We will continue to act in the best interest of the Company and ensure transparency throughout this process.”
SCIB remains committed to upholding its legal rights and will continue to act in the best interests of the Company and its shareholders. The Board assures that it will provide timely updates on any material developments related to this matter.
