ACE Market-listed OCK Group transfers to Main Market

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KUALA LUMPUR: Shares of OCK Group Bhd have been transferred to the Main Market of Bursa Malaysia, two years after its debut on the ACE Market in July 2012.

OCK managing director Sam Ooi said the transition marked a defining milestone for the telecommunications network services provider, and signifies its stability.

“Being listed on the main market further enhances our reputation, as we venture our business regionally,” he said in a statement yesterday.

Currently, OCK owns and maintains telecommunication sites across Malaysia. The group has also ventured regionally into Myanmar, Cambodia, China, Singapore and Indonesia.

The group recently completed its 85% acquisition of PT Putra Mulia Telecommunications (PMT), which it said has contributed significantly to its telecommunication networks-managed services.The inclusion of PMT’s business has also increased OCK-deployed managed services to more than 10,000 telecommunication sites in Malaysia and Indonesia, it said.

“We foresee strong market potentials for managed services in Indonesia, as the country has more than 120,000 telecommunication sites and PMT is covering less than 10% of the market.

“We are also deploying managed services for about 4,000 telecommunication sites in Malaysia this year,” said Ooi.

Besides telecommunication network services, OCK has also ventured into green energy and power solutions, specifically focusing its expertise in solar energy. It is currently constructing three solar farms in Peninsular Malaysia, which are expected to be delivered by the end of the year.

“The group is still very much focused in our business direction for the telecommunications segment in Malaysia and regionally, we will continue to explore various emerging markets for business expansion prospects,” said Ooi.

 

This article first appeared in The Edge Financial Daily, on November 21, 2014.