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OCK’s strategy to strengthen its recurring income through strategic regional expansion has started to bear fruit. Its recurring income soared to 18% (of the total group’s turnover) in 2015 versus 1.4% in 2013.
PETALING JAYA: Telecommunications network provider OCK Group Bhd has incorporated two new indirect subsidiaries in Myanmar and Vietnam.
KUALA LUMPUR: UOB Kay Hian Malaysia Research has initiated coverage of OCK Group with a sum-of-parts derived fair value of 95 sen and its blue-sky scenario points toward a fair value of RM1.30 a share
KUALA LUMPUR: OCK Group Bhd, which in December inked a deal with Telenor Myanmar Ltd to build 920 telecommunications towers in Myanmar, has clinched a syndicated term loan facility of up to US$40.2mil (RM163.9mil) for the project.
KUALA LUMPUR: OCK Group Bhd has requested for its shares to be temporarily halted from 2.30pm on Thursday ahead of an announcement which could be linked to a possible purchase of a company with tower facilities for mobile and broadbank operators.