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Sarawak Consolidated Industries Bhd’s (SCIB) wholly owned subsidiary, SCIB Holdings Sdn Bhd, has entered into a conditional share sale and purchase agreement (SSPA) with YTL Cement (Sarawak) Sdn Bhd, an indirect subsidiary of YTL Corp Bhd, for the proposed disposal of its entire 100% equity interest in SCIB Concrete Manufacturing Sdn Bhd (SCM) for RM113mil cash.
Ennnnmm Investing in SCIB is more akin to a calculated bet on a corporate recovery story than a traditional investment in a stable, profitable business. Allocate only capital you are fully prepared to lose.
