Opcom's shareholders approve diversification into telecommunication network infrastructure solutions

KUALA LUMPUR: Fibre optic cable manufacturer Opcom Holdings Bhd has received shareholders’ approval for the company and its subsidiaries to expand the scope of business to include the telecommunications network infrastructure solutions sector.

Opcom said its shareholders have also agreed to the acquisition of the entire equity interest in T&J Engineering Sdn Bhd (TJE) for a total purchase consideration of up to RM90 million.