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SCIB to settle RM11.3m debt with new share issuance
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) will settle its debts of about RM11.3 million with a hardware company via the issuance of nearly 18.5 million new ordinary shares. Wholly-owned subsidiary SCIB Properties Sdn Bhd owes Goh Hardware & Construction Sdn Bhd about RM11.3 million. On Nov 30, 2023, SCIB Properties