Sarawak Cable to restructure subsidiary loans

Sarawak Cable staff Siti Norzieha arranging the various types of cables at the exhibition hall during the 4th International Energy Week 2018 at the BCCK. - ZULAZHAR SHEBLEE/ THE STAR

KUCHING: Debt-laden Sarawak Cable Bhd (SCable) has struck deals with financial institutions to restructure the loans of its affected subsidiaries.

SCable said the affected companies (subsidiaries) have entered into the relevant agreements (RAs), including the restructuring agreements, with their respective lenders, with all the agreements having been signed by Dec 11,2020.