KUALA LUMPUR (Dec 22): A consortium led by top South Korean cable manufacturer LS Cable & System Ltd and also comprising MN Holdings Bhd (KL:MNHLDG) has secured a RM177.36 million contract from Tenaga Nasional Bhd (KL:TENAGA) to upgrade a submarine power cable system. MN Holdings’s unit, MN Utilities Engineering Sdn Bhd, will have 10% of the respective rights in the consortium, according to an exchange filing on Monday. LS Cable & System Ltd, meanwhile, will have 89% of the respective rights, with the remaining 1% held by Pembinaan Tajri Sdn Bhd. MN Holdings said the contract entails upgrading the 132-kilovolt cable system from the transmission main intake in Kuala Perlis to transmission main intake No 1 in Teluk Apau, Langkawi. The contract is expected to contribute positively to the company’s future earnings, MN Holdings said.

Source: The Edge Markets December 22, 2025 12:30 UTC