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MEDIA CLIPPING
Client : Southern Cable Group Berhad Date : 28 April 2021 Media : The Edge Markets (Online) Section : Business Language : English
Southern Cable seeks transfer of listing to Main Market
KUALA LUMPUR (April 28): Cable and wire manufacturer Southern Cable Group Bhd is seeking to transfer its listing status from the ACE Market to the Main Market of Bursa Malaysia.
The group said in a statement that it is aiming for the transfer to take place in the second half of 2021, pending approvals from shareholders, the Securities Commission Malaysia, and Bursa Malaysia Securities Bhd.
According to the group, it registered an aggregated profit after tax (PAT) of RM76 million for the past three financial years from Dec 31, 2018 (FY18) to Dec 31, 2020 (FY20); it also recorded positive net cash from operating activities of RM43.9 million in FY20, and maintained positive cash flow for the same three-year period.
“With this, the group has fulfilled the Securities Commission Malaysia’s Equity Guidelines for the proposed transfer listing, which requires listed corporations to demonstrate uninterrupted profit for the past three to five financial years with an aggregate PAT of at least RM20 million and PAT for the most recent financial year of at least RM6 million, in addition to maintaining positive cashflow from operating activities for the profit track record period,” it said.
Southern Cable’s managing director Tung Eng Hai said the upcoming corporate milestone corresponds with the group’s operational expansion, as it looks to fulfil growing demand in the domestic market, and target new sectors for its cables and wires products.
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“The group remained resilient in the past year despite the impact of Covid-19 on the economy, as we continue to fulfil demand for cables and wires in the essential power and telecommunications sectors.
“We also look forward to capturing greater demand going forward from Malaysia’s infrastructure project rollouts and general economic growth,” he said.
Additionally, he is optimistic of expanding into new sectors that would strengthen the group's prospects further.
“Our automotive wires have undergone successful internal trials, and are being commercially evaluated by potential clientele in Malaysia and Vietnam,” he said.
He also expects to commence exports of the group’s industrial cables to a new client in the US, which are targeted to materialise in the second half of 2021.
“Hence, the Main Market transfer reflects our growth story, even as we seek to attract the wider investing community, and increasingly stamp our mark in Malaysia and internationally,” he said.
Southern Cable closed 2 sen or 4% higher at 52 sen today, valuing the group at RM416 million.
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MEDIA CLIPPING
Client : Southern Cable Group Berhad Date : 28 April 2021 Media : New Straits Times (Online) Section : Business Language : English
Southern Cable seeks Bursa's main market transfer in second half of 2021
KUALA LUMPUR: Southern Cable Group Bhd is progressing to the next milestone in its corporate history as it seeks to transfer its listing status from the ACE Market to the Main Market of Bursa Malaysia.
The company registered an aggregated net profit of RM76 million for the past three financial years from December 31, 2018 (FY18) to FY20.
It also recorded positive net cash from operating activities of RM43.9 million in FY2020, and maintained positive cash flow for the same three-year period.
With this, the company said it had fulfilled the Securities Commission's Equity Guidelines for the proposed transfer listing.
The rules require listed corporations to demonstrate uninterrupted profit for the past three to five financial years with an aggregate net profit of at least RM20 million.
Southern Cable managing director Tung Eng Hai said the upcoming corporate milestone corresponds with the company's operational expansion as it looks to fulfil growing demand in the domestic market, and target new sectors for its cables and wires products.
"The group remained resilient in the past year despite the impact of Covid-19 on the economy, as we continue to fulfil demand for cables and wires in the essential power and telecommunications sectors.
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"We also look forward to capturing greater demand going forward from Malaysia's infrastructure project rollouts and general economic growth," he said.
Tung said the company was optimistic of expanding into new sectors that would strengthen its prospects further.
Its automotive wires had undergone successful internal trials, and were being commercially evaluated by potential clientele in Malaysia and Vietnam, he added.
"We are also anticipating to commence exports of our industrial cables to a new client in the US. These are targeted to materialise in the second half of 2021.
"Hence, the Main Market transfer reflects our growth story even as we seek to attract the wider investing community, and increasingly stamp our mark in Malaysia and internationally," he said.
The company is aiming for the transfer listing to take place in the second half of 2021, pending approvals from shareholders, the SC and Bursa.
Southern Cable was listed on the ACE Market on October 16, 2020 at an initial public offering price of 34 sen per share.
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MEDIA CLIPPING
Client : Southern Cable Group Berhad Date : 28 April 2021 Media : Bernama (Online) Section : Business Language : English
Southern Cable seeks to transfer listing to main market by Q2
KUALA LUMPUR, April 28 -- Cable and wire manufacturer, Southern Cable Group Bhd is seeking to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd by the second half of this year (Q2 2021).
Its managing director, Tung Eng Hai, said the upcoming corporate milestone corresponds with the group’s operational expansion as it looks to fulfil the growing demand in the domestic market and target new sectors for its cables and wires products.
“We are optimistic of expanding into new sectors that would strengthen our prospects further,”
he said in a statement today.
He said the group’s automotive wires have undergone successful internal trials and are being commercially evaluated by potential clientele in Malaysia and Vietnam.
“We are also anticipating to commence exports of our industrial cables to a new client in the United States,” he said, adding that these plans were targeted to materialise in Q2 2021.
Hence, he said the Main Market transfer reflects Southern Cable’s growth as it seeks to attract a wider investing community, and increasingly stamp its mark in Malaysia and worldwide.
“The group has fulfilled the Securities Commission Malaysia’s equity guidelines for a proposed transfer listing, which requires listed corporations to demonstrate uninterrupted profit for the past three to five financial years, in addition to maintaining a positive cash flow from operating activities for the prot track record period,” he said.
Southern Cable registered an aggregated profit after tax of RM76.0 million for the past three financial years from Dec 31, 2018 (FY18) to FY20.
The Group also recorded positive net cash from operating activities of RM43.9 million in FY20, and maintained positive cash ow for the same three-year period.
The company was listed on the ACE Market of Bursa Securities on Oct 16, 2020 at an initial public offering price of RM0.34 per share.
As at 4.45 pm today, its shares rose two sen to 52 sen with 18.47 million shares changing hands.
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MEDIA CLIPPING
Client : Southern Cable Group Berhad Date : 28 April 2021 Media : Bernama (Online) Section : Business Language : Malay
Southern Cable mahu pindah penyenaraian ke pasaran utama
KUALA LUMPUR, 28 April -- Pengeluar kabel dan wayar, Southern Cable Group Bhd sedang berusaha untuk memindahkan penyenaraiannya dari Pasaran ACE ke Pasaran Utama Bursa Malaysia Securities Bhd menjelang separuh kedua tahun ini.
Pengarah Urusan Southern Cable, Tung Eng Hai berkata pencapaian korporat yang akan datang ini adalah sepadan dengan pengembangan operasi kumpulan selepas ia menerima banyak permintaan dalam pasaran domestik dan menyasarkan sektor baharu untuk kabel serta produk wayarnya.
"Kami optimis untuk berkembang ke sektor baharu yang akan mengukuhkan lagi prospek kami,"
katanya dalam satu kenyataan hari ini.
Beliau berkata wayar automotif kumpulan telah berjaya melalui ujian dalaman dan sedang dinilai secara komersial oleh bakal pelanggan di Malaysia serta Vietnam.
"Kami juga akan mula mengeksport kabel perindustrian kepada pelanggan baharu di Amerika Syarikat," katanya sambil menambah pelan tersebut diunjurkan berlaku menjelang suku kedua 2021.
Oleh itu, pemindahan ke Pasaran Utama mencerminkan pertumbuhan Southern Cable kerana ia berhasrat untuk menarik komuniti pelaburan yang lebih luas dan mengembangkan jangkauannya di Malaysia serta ke seluruh dunia.
"Kumpulan itu telah memenuhi garis panduan ekuiti Suruhanjaya Sekuriti Malaysia untuk pemindahan penyenaraian yang dicadangkan, yang memerlukan Syarikat tersenarai menunjukkan keuntungan tidak terganggu sejak tiga hingga lima tahun kewangan lepas, selain mengekalkan aliran tunai yang positif daripada aktiviti operasi bagi tempoh rekod keuntungan,"
katanya.
Southern Cable mencatatkan keuntungan agregat selepas cukai sebanyak RM76.0 juta sejak tempoh tiga tahun kewangan lepas iaitu dari 31 Dis 2018 sehingga tahun kewangan 2020.
Kumpulan juga merekodkan tunai bersih yang positif daripada aktiviti operasi sebanyak RM43.9 juta pada tahun kewangan 2020 dan mengekalkan aliran tunai positif bagi tempoh tiga tahun yang sama.
Syarikat itu disenaraikan di Pasaran ACE Bursa Securities menjelang 16 Okt 2020 pada harga tawaran awam permulaan sebanyak RM0.34 sesaham.
Setakat 4.45 petang hari ini, saham Southern Cable naik dua sen kepada 52 sen dengan 18.47 juta saham bertukar tangan.
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MEDIA CLIPPING
Client : Southern Cable Group Berhad Date : 29 April 2021
Media : StarBiz Section : Business
Language : English
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MEDIA CLIPPING
Client : Southern Cable Group Berhad Date : 29 April 2021
Media : Sin Chew Daily Section : Business
Language : Chinese
“Southern Cable seeks transfer to Main Market”
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MEDIA CLIPPING
Client : Southern Cable Group Berhad Date : 30 April 2021 Media : Nanyang Siang Pau (Online) Section : Business Language : Chinese
“
Southern Cable seeks transfer to Main Market” 南方电缆建议转主板
（吉隆坡29日讯）甫上市半年的南方电缆集团（SCGBHD，0225，创业板），建议转战主板上市上 市，估计下半年可完成。
南方电缆集团发表文告表示，截至去年12月31日的过去3个财年内，总共录得7600万令吉净利；其 中2020财年净利达2130万令吉。
同时，集团在过去3年皆维持正数净营运现金， 包括上财年取得4390万令吉的净营运现金。
这符合主板公司3年净利总和至少2000万令吉，以及最新财年取得至少600万令吉，并保持正数营 运现金流的门槛。
董事经理陈永海表示，在继续为电力和电信行业提供电线和电缆之余，该集团对进军新领域也保 持乐观，包括新生产的汽车电线已通过内部测试。
“因此，转战主板可将我们的增长前景，展现给更广泛的投资社群。”
上述转板建议，还需获得证监会、马交所和股东的批准。
