Hextar Capital buys 9.8% stake in Binacom to boost telco presence


PETALING JAYA: Hextar Capital Bhd’s wholly-owned subsidiary Opcom VC Sdn Bhd (OVCSB) has acquired a 9.8% stake in ACE Market-listed Binasat Communications Bhd (Binacom) through a series of share purchases.

Binacom is principally involved in support services for satellite, mobile and fibre optic networks, utility infrastructure construction and the engineering, procurement, construction and commissioning of solar facilities, mainly in Malaysia.

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