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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: 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
PETALING JAYA: Telecommunications network provider OCK Group Bhd has incorporated two new indirect subsidiaries in Myanmar and Vietnam.
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.
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.