KUALA LUMPUR: Sarawak Consolidated Industries Bhd has secured a RM13.28mil job from Sarawak Public Works Department to redeveloped two schools near Sibu, Sarawak.

       “We expect this project to contribute positively to our financial performance over the coming quarters but more importantly, this EPCC project builds on our advantage as the largest precast concrete and IBS manufacturer in East Malaysia as there are synergies for our construction activities,” Group Managing Director/ Chief Executive Officer Rosland Othman said in a statement today.

       The redevelopment projects were expected to take eight months to complete from October 2021 to June 2022.？

       On a separate announcement, SCIB said it has priced the third tranche of its placement shares of 56 million at 38.39 sen each.

       The new shares will be listed on Thursday.

       "Proceeds from the private placement of around RM21.5 million will be used for upcoming projects as well as funding for ongoing projects," it said.