KUALA LUMPUR (Aug 18): Leader Cable Industry Bhd (LCIB), a unit of delisted Sarawak Cable Bhd, has exited liquidation after an investor acquired the business and shares of the cable manufacturer as part of a restructuring exercise.
The company exited liquidation on May 6 after the investor and its liquidators secured creditor support for a scheme of arrangement to recapitalise Leader Cable, Deloitte Malaysia said in a statement on Tuesday.
Deloitte Malaysia Strategy, Risk & Transactions partners Khoo Siew Kiat and Eddie Goh, who were appointed Leader Cable’s…