KUALA LUMPUR: Shares in Sarawak Consolidated Industries Bhd (SCIB) rose over 8% in early trade Monday.

       The counter added 8.11%, or two sen to 20 sen at 9.20am. In the past one month, the counter has fallen over 51%.

       Last week, SCIB received a warning from Bursa Securities that its securities face a suspension from trading if it fails to issue its annual report for the financial year ended June 30, 2021 (FY21) by Nov 8.

       Bursa said it will suspend trading in SCIB's securities from tomorrow if it is unable to submit its annual report today.

       Earlier on Oct 26, Bursa Malaysia had rejected the company’s application for an extension of time until Dec 31 to issue its annual report for FY21.

       According to SCIB, the change of external auditor and the impact of restrictions in movement in Malaysia and overseas arising from the Covid-19 pandemic has affected the submission of its FY21 annual report.