OSK to list cables business on HK exchange
26 Mar 2018 / 20:52 H.
PETALING JAYA: OSK Holdings Bhd is considering listing its cables business on the Main Board operated by the Stock Exchange of Hong Kong Limited.
In a filing with Bursa Malaysia today, the group said the proposed listing is to enable its cables business to gain direct access to the capital market in Hong Kong for cost effective capital raising. The group is expected to undertake a re-organisation of its subsidiaries involved in the cables business.
Its share price fell 1.01% or 1 sen to close at 97.5 sen today with a total of 220,100 shares traded.