KUALA LUMPUR (Feb 21): Sarawak Cable Bhd will go ahead with its plans to take part in the transmission line projects in Sarawak.
The company said on Tuesday the termination of the MoU with Sinohydro Corporation (M) Sdn. Bhd. and KEC International Ltd last week would not have any impact on its earnings per share and net asset per share.
On Feb 17, Sarawak Cable said the three parties had decided not to pursue the MoU which was to jointly prepare and submit proposals for building transmission lines in Sarawak.
“As the parties to the MOU will not be submitting the proposals together, the MoU is thereby terminated,” it had then said.
The company said on Tuesday the termination of the MoU with Sinohydro Corporation (M) Sdn. Bhd. and KEC International Ltd last week would not have any impact on its earnings per share and net asset per share.
On Feb 17, Sarawak Cable said the three parties had decided not to pursue the MoU which was to jointly prepare and submit proposals for building transmission lines in Sarawak.
“As the parties to the MOU will not be submitting the proposals together, the MoU is thereby terminated,” it had then said.
