News about Sarawak

KUALA LUMPUR (June 6): Bina Puri Holdings Bhd (KL:BPURI) has defended its decision to complete its acquisition of a water treatment contractor prior to the finalisation of legal, financial and operational due diligence, saying contractual safeguards in a supplemental agreement were sufficient.

KUALA LUMPUR (June 3): Sarawak longhouses have unique advantages that make them ideal community-based tourism products, said Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing.

PETALING JAYA (April 24): Cahya Mata Sarawak Bhd (Cahya Mata) posted a sharply lower profit for the financial year ended Dec 31, 2025, with profit attributable to owners falling 48.

KUALA LUMPUR (April 20): Sarawak Consolidated Industries Bhd (KL:SCIB) group managing director and CEO Ku Chong Hong (pictured) has emerged as a substantial shareholder of property developer Axteria Group Bhd (KL:AXTERIA) with an indirect 27.

PETALING JAYA (April 2): GDB Holdings Bhd (GDB) has entered into a supplementary agreement to amend the conditions precedent timeline for its proposed acquisition of three parcels of land in Kuching, Sarawak.

KUALA LUMPUR (March 9): Bina Puri Holdings Bhd (KL:BPURI), which has at least six winding-up petitions against its subsidiaries, has landed a RM42.

KUALA LUMPUR (Feb 16): GDB Holdings Bhd (KL:GDB) is acquiring three parcels of leasehold land in Kuching, Sarawak for RM32.

KUALA LUMPUR (Feb 4): Sarawak Consolidated Industries Bhd (KL:SCIB) has cancelled its RM49 million financing facilities after the board determined that the facilities were no longer required following the group’s disposal of its indirect wholly owned unit SCIB Concrete Manufacturing Sdn Bhd (SCM).

The group has set a target to launch over 10,000 units a year.

Phase 1 includes the development of three lines: the Blue Line from Rembus in Kota Samarahan to Hikmah Exchange in the city centre; the Red Line, from Kuching Sentral to Pending; and the Green Line, from Pending to Damai.