{"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:\/\/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":5,"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=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\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 - Master Tec Group\" \/>\n<meta property=\"og:description\" content=\"PETALING JAYA: Master TEC Group Bhd has completed its share subscription in Sediacom Sdn Bhd, a specialist in underground cable\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mastertec.my\/?p=10393\" \/>\n<meta property=\"og:site_name\" content=\"Master Tec Group\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-04T08:53:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-08T09:38:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mastertec.my\/wp-content\/uploads\/2023\/09\/Press-Statement-1000-x-1000-px.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"mastertec@admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mastertec@admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mastertec.my\/?p=10393\",\"url\":\"https:\/\/mastertec.my\/?p=10393\",\"name\":\"Master Tec Group completes stake buy in Sediacom - 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