General Announcement

30/09/1999

YEAR 2000 (Y2K) DISCLOSURE

SARAWAK CONCRETE INDUSTRIES BERHAD

TypeAnnouncement
SubjectYEAR 2000 (Y2K) DISCLOSURE

Contents :

see table below

1. Details of your company and subsidiaries' progress in relation to its activities to address the Y2K issue

Y2K Ready
X
Internally, we have achieved acceptable level of readiness whereby we do not anticipate serious disruptions to our business operation. Our main concern is in relation to the third parties Y2K readiness.
Non Y2K Ready(To provide the information listed below)
Description of
Non Y2K
System		 Criticality of
System (critical or
not critical)		 Status of readiness
(at which stage 7
percentage of
completion)		 Estimated date
being Y2K
Ready		 Remarks
2. The impact of the Y2K Issue if your company and/or subsidiaries fail to be Y2K Ready or are unable to achieve full readiness by the estimated date(s) mentioned above.

No Impact
X
(State the reason(s) below)
Yes(State the details of the impact below, particularly
on the business, financial position and prospects)
      • Internally Y2K ready.
3. The exposure of your company and/or subsidiaries to third parties who have material business relationships with your company or subsidiaries in relation to the third parties' Y2K readiness.

No exposure(State the reason(s) below)
Yes
X
(State the details of the exposure, how material the
exposure is to your company and/or subsidiaries
and the measures taken to address the impact of the
exposure)
      • Raw materials-could affect smooth supply of raw materials.
      • Bank- could disrupt accessibility and processing of funds
      • Utilities- breakdown of power, water and telephone supply could hinder production process

Generally, measures taken are to stock up major raw materials, relevant finished goods, schedule earlier payment for payroll, time payments and deposits to avoid roll-over to the new millennium.

4. The total cost your company and subsidiaries have incurred or is expected to incur to address the Y2K issue.
      Less than RM100,000.

5. Describe your company and subsidiaries' contingency plans in relation to the Y2K issue to ensure continued operations.

No contingency plans(State the reason(s) why contingency plans are not
needed)
Yes
X
(State the details of the contingency plan)
      To stock up relevant raw materials by year end to ensure uninterrupted availability
      To build up finished goods required by client in early part of next year.


Announcement Info

Company NameSARAWAK CONCRETE INDUSTRIES BERHAD  
Stock Name SCIB
Date Announced30 Sept 1999  
CategoryGeneral Announcement
Reference NoSS-990929-43820

Related Announcements for SCIB
Date Title
27/01/2015 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
23/01/2015 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
22/01/2015 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
21/01/2015 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
19/01/2015 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
08/10/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
07/10/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
03/10/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
23/07/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): INTENTION TO DEAL DURING CLOSED PERIOD
21/07/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD