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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

ES Sunlogy secures RM22.3mil sub-contract in Penang
Vestland terminates three affordable housing contracts worth RM550.7mil
Pestec appoints Adam Yee as president
Wawasan Dengkil and Kester partner on renewable energy projects
Binastra's unit inks tripartite agreement involving RM305mil contract
Ringgit ends lower as firmer US dollar weighs on market
Infomina posts higher 2Q profit, declares 1.35 sen dividend
SkyGate acquires property investment firm for RM76mil
Berjaya Land proposes name change to Berjaya Property
SCIB shareholders approve rights issue, share capital reduction

Others Also Read