Tele­coms com­pany OCK forms an­other com­pany in Myan­mar

The Star Malaysia - StarBiz - - News -

PE­TAL­ING JAYA: Telecom­mu­ni­ca­tions net­work provider OCK Group Bhd, which an­nounced its en­try into Myan­mar as well as Viet­nam in June, has set up Well Syn­ergy Re­sources Pri­vate Ltd un­der unit OCK In­ter­na­tional Sdn Bhd in Myan­mar.

The com­pany’s an­nounce­ment comes on the heels of flex­i­ble pack­ag­ing man­u­fac­turer Dai­bochi Plas­tic and Pack­ag­ing In­dus­try Bhd’s an­nounce­ment of an RM29mil in­vest­ment for a con­trol­ling stake in a joint-ven­ture com­pany in the coun­try.

It had set up an­other sub­sidiary called OCK Myan­mar Tow­ers Pte Ltd in June.

“Well Syn­ergy is es­tab­lished as the sub­sidiary of OCK In­ter­na­tional with a reg­is­tered cap­i­tal of US$300,000 di­vided into 3,000 shares of US$100 each in which 2,999 shares are held by OCK In­ter­na­tional Sdn Bhd and one share held by Low Hock Keong,” the an­nounce­ment to Bursa Malaysia said.

OCK said Well Syn­ergy has as its prin­ci­pal ac­tiv­ity en­gi­neer­ing ser­vices, rental busi­ness, mar­ket re­search and man­age­ment ser­vices.

The com­pany ear­lier in the year had signed a deal with Te­lenor Myan­mar to build 920 telco tow­ers in Myan­mar that it will own and lease out. These tow­ers would be completed in the first quar­ter of next year and start con­tribut­ing to the com­pany’s rev­enue from then.

OCK had ear­lier also said that the con­ducive busi­ness en­vi­ron­ment stems from tel­cos in­vest­ing in up­grad­ing their equip­ment and in­fra­struc­ture to ac­com­mo­date the ris­ing us­age of data with 3G/4G.

This makes it well-placed to ben­e­fit from the in­crease of data de­mand and cor­re­spond­ing projects due to this net­work ex­pan­sion un­der­taken by the tel­cos.

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