<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 14): Sandakan-based entrepreneur Andrew Lim Nyuk Foh has emerged as a substantial shareholder of concrete products manufacturer Sarawak Consolidated Industries Bhd (SCIB), with a 23.47% stake.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia this evening, SCIB said Lim had acquired 13.235 million shares or a 17.99% direct stake in the company last Friday (Oct 10), via off market transactions.</p></div>

<div class=newsTextDataWrapInner><p>The 50-year-old Lim bought the block of shares from the Kuching-based Hydrostar Sdn Bhd, which has ceased to be a substantial shareholder of SCIB.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Hydrostar is co-owned by SCIB Group Managing Director Datuk Zainal Abidin Ahmad and his wife Datin Azlina Abdullah.</p></div>

<div class=newsTextDataWrapInner><p>Subsequently on Monday (Oct 13), Lim mopped up an additional 4.036 million shares in SCIB from Digital Network Sdn Bhd — another Kuching-based company, which had also then ceased being a substantial shareholder of SCIB.</p></div>

<div class=newsTextDataWrapInner><p>After the off market deals, Lim now owns a total of 17.271 million shares or 23.47% direct stake in SCIB.</p></div>

<div class=newsTextDataWrapInner><p>SCIB was unchanged at RM1.08 today, with a market capitalisation of RM79.47 million.</p></div>

<div class=newsTextDataWrapInner><p>In April 2014, Lim had disposed of his entire stake in oil palm plantation company Kretam Holdings Bhd. He is also the founder and managing director of Priceworth International Bhd — a timber products manufacturer.</p></div>


KUALA LUMPUR (Oct 14): Sandakan-based entrepreneur Andrew Lim Nyuk Foh has emerged as a substantial shareholder of concrete products manufacturer Sarawak Consolidated Industries Bhd (SCIB), with a 23.47% stake.

In a filing with Bursa Malaysia this evening, SCIB said Lim had acquired 13....

Priceworth’s Andrew Lim buys 23.47% stake in Sarawak Consolidated

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