KUALA LUMPUR: Sarawak Cable Bhd
has identified a “strong alternative party” interested in spearheading its resuscitation plan following the failed deal with white knight, Serendib Capital Ltd.
In a filing with Bursa Malaysia, Sarawak Cable said the termination of its resuscitation exercise with Serendib was due to their inability to agree on an exclusive working relationship governed by a memorandum of agreement on Dec 29, 2023.
