Thursday, August 18, 2011

Sarawak Cable up on transmission lines plans

KUALA LUMPUR: Sarawak Cable Bhd shares advanced on Thursday, Aug 18 after the company said it was looking into the proposed development of transmission lines in Sarawak.

At 9.20am, Sarawak Cable rose seven sen to RM2.23 with 190,700 shares traded.

The company said on Wednesday, Aug 17 it had signed an MoU with Sinohydro Corporation (M) Sdn Bhd and KEC International Ltd to prepare and submit the proposals.

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