Sarawak Cable finds new hope as alternative party is identified

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.