SCIB secures injunction against Awana JV Suria Saga over RM63.9mil financing facility

Quick Summary:

PETALING JAYA: Sarawak Consolidated Industries Berhad (SCIB) has obtained an interlocutory injunction order against Awana JV Suria Saga Sdn Bhd in relation to the ongoing material litigation involving its wholly-owned subsidiary, SCIB Properties Sdn Bhd (SCIBP).

This culminated in the Court’s decision on April 10, 2025 to grant the interlocutory injunction.

The High Court has fixed May 16, 2025 for the next case management date.“SCIB will continue to monitor developments closely and provide timely updates to all stakeholders as appropriate.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaPeru

Topics: SCIB Sarawak Consolidated Industries Corporate News Injunction /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 20:15:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 15 lines

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Copyright Owner: © The Star

News ID: 27772746

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