SCIB Enforces Rights to Withdraw from Project
2023年1月27日 - 2:00PM
JCN Newswire
Civil engineering specialist Sarawak Consolidated Industries
Berhad (SCIB) today announced that the Company has issued a letter
of withdrawal to Kencana Healthcare Sdn. Bhd. (KHSB) for the
proposed engineering, procurement, construction and commissioning
(EPCC) contracts involving a specialist hospital project located in
Johor Bahru.
SCIB had accepted a letter of award from KHSB dated 13 August 2021
for EPCC contracts involving the capital equipment procurement as
well as the leasing concession for the procurement, supply,
installation, testing and commissioning of medical equipment. SCIB
and KHSB have mutually agreed to the Company withdrawing from the
project.
As part of the withdrawal from the project, KHSB will reimburse
under a settlement agreement, the commitment fee amounting to
RM1.65 million that SCIB had paid out in two tranches. The
withdrawal from the contracts will not have any material effect on
the gearing, earnings per share and net assets of the Company for
the financial year ending 30 June 2023.
Group Managing Director of SCIB, Encik Rosland bin Othman said,
"The Company is enforcing its rights under the contracts and taking
the necessary measures to protect SCIB's interests in mitigating
the risks arising from the long delay or non-movement of project
progress due to the uncertainties and inability to secure the
necessary operator for the project. Additionally, this decision was
made due to reviewing and updating our order book records to
reflect the current situation."
Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB],
http://scib.com.my
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