Serendib Capital emerges as 'white knight' for Sarawak Cable

KUALA LUMPUR: Sarawak Cable Bhd has announced that Serendib Capital Ltd has emerged as a "white knight” for the company, having submitted its interest in performing a resuscitation exercise at the PN17 Main Market-listed manufacturing company on Dec 5, 2023.

In a filing with Bursa Malaysia today, the company said Serendib Capital is an experienced United Kingdom-based investor with over two decades of experience in advisory and financial asset restructuring in South Asia.