Power, utilities continues to drive Southern Cable

Corporatemilestone:Tung (left) and Ooi. Southern Cable’s IPO entails a public issue of209.35 million new shares (or 26.17% of the enlarged issued share capital), and offer for saleof 20 million existing shares at an issue price of 34 sen per share.

CABLE and wire manufacturer Southern Cable Group Bhd is optimistic about future sales growth, and sees opportunities in new products it plans to sell.

Founded in 1993, the group based in Baling, Kedah, which is en route for ACE Market listing on Oct 16, sees potential in the supply of cables in Malaysia, as well as Myanmar and Cambodia.