But investors hesitated to back the Chinese when they were warned that Chinese companies risked US sanctions – a move that would be disastrous for their entire business. The report said: "US diplomats have warned participating foreign telecommunications providers that Washington plans to impose crippling sanctions on HMN Tech, a development that could jeopardizing their investment in the cable project."
Southern Cable will adopt a dividend policy to distribute at least 15% of its audited annual net profit as dividends, subject to results company operations and board recommendations.The company raised RM71.2 million through the listing. The group has allocated RM30 million for capital expenditure and expansion.
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Of this amount, RM18.5 million will be used to purchase and upgrade machinery and equipment, worth up to RM7.5 million.RM5 million will be used to build new factories and RM4 million to fund the purchase and installation of enterprise resource planning IT systems. igus, the manufacturer of plastics and motion cables, has introduced new cable-ready hybrid cables suitable for drive technology from Siemens and SEW-Eurodrive.
Save speedometer inner cable and weight with just one power and data cable: it's easy with igus hybrid-ready cables. New to the product line are new connection-ready cables suitable for SEW-Eurodrive with MOVILINK DDI and Siemens SINAMICS S210 with OCC. In addition to PUR, the latter is also available with an economical PVC outer shell.Macros for EPLAN Electric P8 software speed up cable planning by approximately 50%.
Reducing the complexity of automation solutions while saving costs, time and installation space is a goal clearly stated by engineers around the world. This also applies to cable planning. Here, the so-called hybrid technology has become one of the main trends of recent years. While previous servo motor systems required multiple cables to transmit power and data, hybrid cables only need to combine cores.“Hybrid technology is a pioneering development that we are 100% convinced as cable experts is the way forward,” said Ian Hewat, Managing Director of igus South Africa.
An additional RM27.5 million will be earmarked as working capital and RM9.2 million will be used to repay bank loans.
Southern Cable closed slightly down at 33 sen from its offering price of 34 sen at its launch last Friday after trading between 33 sen and 38 sen.5 sen in intraday trading.
Analysts say the undersea fiber optic cable war has become more intense with the advent of 5G networks, which consume large amounts of data transmitted over cables to operate effectively.
Ultimately, China Telecom and China Mobile, which held flexible shaft for brushcutter stake in the project, withdrew – their shares were taken over by Telekom Malaysia Berhad and PT Telekomunikasi Indonesia International.
Despite the massive setback, one can expect the Chinese to continue to struggle in future projects.After all, the new company Huawei Marine Networks Co Ltd has had great difficulty asserting its position in the large alliance of undersea fiber optic cable installation companies, including America's SubCom, NEC Group of Japan and Alcatel Submarine Networks, Inc. of France. intends to enter both segments through the introduction of new products, including power and control cables, as well as conductors for automotive and elevator applications, to be developed and commercialized in second half of 2021.
