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The Board of Directors of Sarawak Consolidated Industries Berhad (“SCIB” or “Company”) wishes to announce that the Company had on 11 July 2023 entered into a Memorandum of Understanding (“MOU”) with IRIX SDN. BHD. to participate on the SEA-H2X Cable System (SEA – Hainan – Hong Kong Express)(referred to as “the Project”) wherein, SCIB shall subscribe up to 30% of the issued capital in IRIX SEA H2X SDN BHD”
meaning? tomorrow price up or?