Wholly owned subsidiary Leader Cable Industry Bhd (LCIB) is selling a parcel of freehold land together with industrial premises to Maxter Glove Manufacturing Sdn Bhd, a wholly owned subsidiary of Supermax Corp Bhd, for RM65mil cash.
KUCHING: Debt-laden Sarawak Cable Bhd
is set to raise up to RM72.3mil from the disposal of assets and a private placement exercise to meet the group’s working capital requirements.
Wholly owned subsidiary Leader Cable Industry Bhd (LCIB) is selling a parcel of freehold land together with industrial premises to Maxter Glove Manufacturing Sdn Bhd, a wholly owned subsidiary of Supermax Corp Bhd, for RM65mil cash.
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