KUCHING: All 12 resolutions tabled at the 48th Annual General Meeting (AGM) of Sarawak Consolidated Industries Berhad (SCIB) were duly passed by the shareholders.
Held virtually, the AGM demonstrated strong shareholder engagement and participation, reflecting confidence in SCIB’s strategic direction and commitment to transparency and governance.
Among the key resolutions passed were the re-election of Directors retiring in accordance with the Company’s Constitution, the election of Ooi Hoot Kuang and Ng Cheng Shin as new Directors following shareholder approval, the reappointment of auditors, and the approval of Directors’ fees and benefits.
Shareholders also approved the authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016. This approval provides the company with the flexibility to pursue funding initiatives and business opportunities to drive sustainable growth.
“Looking ahead, SCIB remains committed to delivering innovative construction solutions and high-quality products.
“We are poised to leverage our strong foundation and seize emerging opportunities in Malaysia’s construction and infrastructure sectors, supported by ongoing government initiatives such as the Sabah-Sarawak Link Road and North Coastal Highway projects,” the statement said.
SCIB Group Managing Director Ku Chong Hong expressed gratitude for the continued support and trust shown by shareholders.
“The approval of all resolutions provides SCIB with the mandate to further strengthen our financial position and operational capabilities.
“As we execute our strategic plans, this confidence from shareholders will inspire us to achieve sustainable growth and create long-term value,” he said.
