OCK gearing to increase for FY16

  • Telcos
  • Wednesday, 06 Jan 2016

KUALA LUMPUR: OCK Group Bhd expects the master services agreement with Telenor Myanmar Ltd will increase its gearing gradually from 0.7 time to 0.8 time for the financial year ending 2016.

OCK said, as of September 2015, its borrowings stood at RM75mil while shareholders’ funds amounted to RM203mil. – Bernama

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