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Malaysia's Sarawak Cable wins state contracts worth $197 million

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Malaysia's Sarawak Cable wins state contracts worth $197 million Empty Malaysia's Sarawak Cable wins state contracts worth $197 million

Post by Cals Tue 29 Oct 2013, 23:54

Malaysia's Sarawak Cable wins state contracts worth $197 million
Business & Markets 2013
Written by Reuters   
Tuesday, 29 October 2013 20:22
KUALA LUMPUR (Oct 29): Malaysia's Sarawak Cable Berhad said on Tuesday, that a wholly-owned unit of the firm has won two contracts worth a total of 618.6 million ringgit ($197.29 million), to build power transmission lines in the eastern state of Sarawak.

The contracts, awarded by state-owned Sarawak Energy Berhad, were won by Trenegy Infrastructure Sdn Bhd, the firm said in a stock exchange filing.

Mahmud Abu Bekir Taib, the son of long-serving Sarawak state chief minister Abdul Taib Mahmud, owns 20.69 percent of Sarawak Cable. State-owned Sarawak Energy, meanwhile, owns 18.75 percent of the firm.
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