SCIB unit not fully withdrawn Awana lawsuit
KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) has clarified that its wholly-owned SCIB Properties Sdn Bhd has not fully withdrawn its lawsuit against Awana JV Suria Saga Sdn Bhd (Awana).
Instead, the company explained that legal reliefs previously sought under a separate suit had been consolidated into a broader legal action, now referred to as the main suit.
"The amended statement of claim, filed on April 18, 2025, integrates the RM19.72 million recovery claim into the main suit to streamline proceedings and facilitate a more efficient litigation process.
"SCIB affirms that the discontinuation of the separate action does not reflect a withdrawal or abandonment of the company's claim.
"Rather, it represents a strategic legal approach to pursue the matter more effectively under a single consolidated suit," it said in a statement.
This is contrary to the impression conveyed in a media report on April 23.
The company assures its shareholders and stakeholders that it remains fully committed to recovering the RM19.72 million from Awana.
Its managing director Ku Chong Hong said
the consolidation of claims into a single legal action is a procedural refinement that enables SCIB to pursue its rights more efficiently and with greater legal clarity.
"There has been no compromise to the substance or seriousness of our position. We will continue to act in the best interest of the company and ensure transparency throughout this process," he added.
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SCIB unit not fully withdrawn Awana lawsuit
KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) has clarified that its wholly-owned SCIB Properties Sdn Bhd has not fully withdrawn its lawsuit against Awana JV Suria Saga Sdn Bhd (Awana). Instead, the company explained that legal reliefs previously sought under a separate suit had been consolidated into a broader legal action, now referred to as the main suit. "The amended statement of claim, filed on April 18, 2025, integrates the RM19.72 million recovery claim into the main suit to streamline proceedings and facilitate a more efficient litigation process. "SCIB affirms that the discontinuation of the separate action does not reflect a withdrawal or abandonment of the company's claim. "Rather, it represents a strategic legal approach to pursue the matter more effectively under a single consolidated suit," it said in a statement. This is contrary to the impression conveyed in a media report on April 23. The company assures its shareholders and stakeholders that it remains fully committed to recovering the RM19.72 million from Awana. Its managing director Ku Chong Hong said the consolidation of claims into a single legal action is a procedural refinement that enables SCIB to pursue its rights more efficiently and with greater legal clarity. "There has been no compromise to the substance or seriousness of our position. We will continue to act in the best interest of the company and ensure transparency throughout this process," he added.
