Master Tec Group completes stake buy in Sediacom

CEO Tee Kok Hwa said the acquisition of Sediacom was a significant step forward in the company's growth strategy.

PETALING JAYA: Master TEC Group Bhd has completed its 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 shares in Sediacom, representing a 51% equity interest, for a total cash consideration of RM3.74mil.