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Managing director Tung Eng Hai said the group is expanding to meet rising demand for cables and wires, while supporting Malaysia’s development through projects in power utilities, renewable energy, construction, infrastructure, and data centres.
No, a stock split does not directly bring in new funds because it doesn't change the company's total value. It simply increases the number of outstanding shares while proportionally lowering the price per share, similar to cutting a pizza into more slices. Private placement for expansion is the correct way.
（吉隆坡4日讯）南方电缆（Southern Cable Group Bhd）（KL:SCGBHD）获得国家能源（Tenaga Nasional Bhd）（KL:TENAGA）授予价值1亿2110万令吉变更订单，以供应地下电力电缆和导体，使其正在进行的合同总价值达到5亿2460万令吉 https://theedgemalaysia.com/node/791767
KUALA LUMPUR (April 28): Rising polymer prices are unlikely to hurt Southern Cable Group Bhd’s (KL:SCGBHD) earnings amid expected contract repricing, said Kenanga Investment Bank.
In a research note on Tuesday, the research house said Southern Cable has secured sufficient supply of polymer — a key raw material for cable production — at pre-spike prices to support deliveries until July, which helps to reduce short-term margin pressure.