Opcom proposes diversification into power generation via 49% stake purchase in Transgrid Ventures


The fibre optic cables manufacturer is proposing to diversify into the power generation and transmission business

KUALA LUMPUR: Opcom Holdings Bhd has proposed to diversify into the power generation and transmission business via the purchase of a 49% stake or 5.39 million shares in Transgrid Ventures Sdn Bhd for RM98mil.

Opcom, a manufacturer of fibre optic cables, said the proposed acquisition will be satisfied via a combination of cash and issuance of new shares in Opcom.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Opcom , Transgrid Ventures , electricity , power , energy

Next In Business News

Bursa Malaysia introduces CSI platform for sustainability disclosures
Sale of loss-making Firefly remains an option - MAG
Poh Kong's 1Q FY26 net profit rises to RM39.6mil on strong gold prices
Pasukhas unit bags RM63.6mil data centre construction job
Ann Joo Resources unit inks JVs for Gurun industrial park development
Bursa Malaysia extends upward momentum to 14-month high
MAG aims to double revenue by 2030
Binastra, Solarvest consortium secures three LSS5 EPCC awards valued at RM171.72mil
KLIA system at fault for Malaysia Airlines' mishandled baggage - MAG
OMS Group celebrates keel-laying of first two vessels in Next Generation G-class fleet

Others Also Read