Opcom Holdings announced that it has satisfied all conditions of its Share Sale Agreement and has now completed the acquisition of 100% equity interest in T&J Engineering sdn bhd.
According to Ong Soon Lim, Executive Director of OPCOM, “The acquisition of TJE is timely in light of the positive prospects of the telecommunications network infrastructure solutions industry in Malaysia, driven by capital investments of fixed and mobile service providers to support demand for data and supportive government policies, including the upcoming proliferation of 5G. This acquisition is in line with our long term strategy of tapping into income-generating businesses that are profitable and sustainable over the long-term, while also enhancing Opcom’s presence in East Malaysia.”
Dato’ Eddie Ong Choo Meng, the largest shareholder of OPCOM, envisions that this investment will bode well for OPCOM and contribute to its future growth. He reiterated OPCOM’s commitment to growing this business over the long term to capture opportunities in the telecommunications network infrastructure solutions industry in Malaysia.
