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 liquidators by the High Court in May 2024, continued operating the business while securing an investor.
“The liquidators continued the business operations and secured an…