{"id":10393,"date":"2024-11-04T16:53:14","date_gmt":"2024-11-04T08:53:14","guid":{"rendered":"https:\/\/oldwebsite.mastertec.my\/?p=10393"},"modified":"2024-11-08T17:38:36","modified_gmt":"2024-11-08T09:38:36","slug":"master-tec-group-completes-stake-buy-in-sediacom","status":"publish","type":"post","link":"https:\/\/oldwebsite.mastertec.my\/?p=10393","title":{"rendered":"Master Tec Group completes stake buy in Sediacom"},"content":{"rendered":"
\"\"

CEO Tee Kok Hwa said the acquisition of Sediacom was a significant step forward in the company’s growth strategy.<\/p><\/div>\n

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.<\/p>\n

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.<\/p>\n

The subscription was fully funded through its internally generated funds, it added.<\/p>\n

Chief executive officer Tee Kok Hwa said the acquisition of Sediacom was a significant step forward in its growth strategy, as it would enhance service offerings and create a strong synergistic effect.<\/p>\n

\u201cWith Sediacom\u2019s expertise integrated into our portfolio, we can deliver more comprehensive infrastructure solutions and secure larger projects. Backed by Sediacom\u2019s healthy order book, we are well-positioned to expand our market share and drive sustainable growth in the power infrastructure sector.<\/p>\n

\u201cThe board is confident that this strategic move will strengthen Master Tec\u2019s competitive edge and generate long-term value for our shareholders,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

PETALING JAYA: Master TEC Group Bhd has completed its share subscription in Sediacom Sdn Bhd, a specialist in underground cable<\/p>\n","protected":false},"author":2,"featured_media":10035,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78,75],"tags":[],"class_list":["post-10393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-news","category-press-releases"],"yoast_head":"\nMaster Tec Group completes stake buy in Sediacom - Master Tec Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oldwebsite.mastertec.my\/2024\/11\/04\/master-tec-group-completes-stake-buy-in-sediacom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Master Tec Group completes stake buy in Sediacom - 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