The principal activities of Sarwaja Timur are manufacturing, fabrication, galvanising and sale of steel structures. SCable has on Monday entered into a memorandum of agreement (MoA) with Hercules for the purpose. Founded in 1972, Hercules specialises in manufacturing steel and rubber engineering devices, construction equipment, construction cementitious grout, bitumen & waterproofing. SCable said the group and Hercules are desirous of cooperating with each other to revitalise Sarwaja Timur's business. SCable shares closed down 0.5 sen or 2.86% at 17 sen on Monday, bringing a market capitalisation of RM65.94 million.

Source: The Edge Markets April 19, 2022 01:37 UTC