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KUCHING, June 30: Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) has today clarified that Dato Dr Mohd Abdul Karim Abdullah, which has been referred to by various media as the company’s single largest shareholder with a 21.81 per cent stake, does not appear as a shareholder based on the record of depositors (ROD) as of June 21, 2023.
In a statement today, SCIB has noted a discrepancy between its ROD and the register of substantial shareholders that it keeps in relation to Mohd Abdul Karim’s shareholding.
“The last notice received by the company by Dato Karim on the change of his shareholdings was dated Nov 1, 2021.
“Dato Karim also does not appear on the list of the Company’s top 30 shareholders,” SCIB said.
SCIB’s company secretary has also written to Mohd Abdul Karim to inform him of the discrepancy and requested confirmation as well as information on the status of his shares but has not received any updates from him.
“Under the Companies Act 2016, the shareholder has the duty to inform the company and/or the Registrar in the event of any change or cessation of shareholding as a substantial shareholder and/or any dealing in shares.
“SCIB’s obligations are limited to making entries in the register of substantial shareholders upon receiving the required notices from the substantial shareholder and then making the requisite announcement to Bursa Malaysia Securities Berhad pursuant to the Main Market listing requirements,” SCIB explained.
Therefore, unless SCIB receives a notice from Mohd Abdul Karim, there is no requirement for the company to make any entry in its register of substantial shareholders.
Under the Companies Act, SCIB shall not be deemed to have notice of, or be required to inquire cas to the right of Mohd Abdul Karim in relation to his shares in the Company.
There is no requirement for SCIB to make any disclosures on behalf of the person arising from the information in the ROD and/or rectify the discrepancy, it added. — DayakDaily
