PETALING JAYA: Southern Cable Group Bhd
has proposed a private placement of up to 10% of its issued shares to fund its multi-year expansion plans and tap growing demand for cables and wires in domestic and overseas markets.
In a statement, the cable and wire manufacturer said the expansion will increase the group’s annual cable and wire output by 25% to 65,000km per year, from 51,980 as of June 30.
