Ibraco said its subsidiary, Ibraco Construction Sdn Bhd, has accepted the letter of acceptance from the Jabatan Kerja Raya Sarawak to complete the new Batang Samarahan bridge And 9km new four-lane dual carriageway road JKR R5 Standard from Batang Samarahan To Batang Sadong.
Abdul Karim is also co-founder and chairman of troubled engineering group Serba Dinamik Holdings Bhd.
“I chair meetings about the programme every month and now I am seeing a bit of surge in the number of people wanting to participate in the programme, which is good.
“This new development will reinforce SCIB’s financial stability and robustness and pave the way for future growth opportunities, thus creating long-term shareholder value.
The departure of independent and non-executive directors Mohd Shakir Shahimi, Nuraiman Shaiful Annuar and Noor Azri Noor Azerai was announced by SCIB two days prior to the EGM on Wednesday (June 28), which is convened to vote on the removal of the three board members.
“We had offers and ready opportunities in Kota Kinabalu, Melbourne and Maldives, but we wanted Sarawak because there is so much going for it – its growth and optimistic possibilities.
The stronger quarterly result has also pushed its annual profit in FY2022 to RM298.
ADSB will design and build the houses within three years from the date of formal approval of the project by the state planning authority.
SCIB managing director Rosland Othman said there are no penalties or liquidated ascertained damages to SCIBILL over the termination of the project.
The group had in 2014 disposed of the 54.
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