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KUALA LUMPUR: Telecommunication network company OCK Group Bhd has proposed to raise as much as RM24.4mil by issuing renounceable rights shares with warrants.
OCK GROUP Bhd is keeping to a positive bias despite the recent consolidation as it made an advance past the uppermost 21-day simple moving average (SMA) in Wednesday trade.OCK GROUP Bhd is keeping to a positive bias despite the recent consolidation as it made an advance past the uppermost 21-day simple moving average (SMA) in Wednesday trade.
OCK Group tripped into correction mode since peaking out temporarily at an all-time high of RM1.07 on July 24 last year. Based on the daily chart, this stock will remain in consolidation phase as long as the near one-year-old bearish descending line, resting at the 91-sen level, is intact. The immediate support is anticipated at the 81-sen mark, followed closely by the 77-sen line.
KUALA LUMPUR: OCK Group Bhd will invest US$75mil (RM323.6mil) to build 920 telecommunications towers in Myanmar next year for Norwegian telecommunications group Telenor and aims to construct up to 3,000 towers in five years there.
PETALING JAYA: Telecommunications player OCK Group Bhd is acquiring Vietnam’s largest independent telecommunications tower company, South-East Asia Telecommunications Holdings Pte Ltd (SEATH), for US$50mil (RM203.85mil) via its 60%-owned subsidiary in an all-cash deal.
PETALING JAYA: OCK Group Bhd has inked a memorandum of understanding with China Information Technology Designing & Consulting Institute Co Ltd (CITC) to collaborate in telecommunication and technology services.
PETALING JAYA: OCK Group Bhd, one of the country’s leading telecommunications network services providers, has incorporated a subsidiary with Myanmar Integrated Networks (MIN) named MIN-OCK Infrastructure Pte Ltd.