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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