KUALA LUMPUR: Master TEC Group Bhd
has completed the share subscription in Sediacom Sdn Bhd, a specialist in underground cable laying and overhead line installation services.
In a statement, Master Tec said it subscribed to 1.04 million new ordinary shares in Sediacom, representing a 51% equity interest, for a total cash consideration of RM3.74mil. The subscription was fully funded through its internally generated funds.
