KUALA LUMPUR : Master Tec Group Bhd has formalised a strategic memorandum of understanding with Yangtze (Jiangsu) Marine Technology Company Limited (YOFC Marine) to explore collaboration in the development and distribution of high-specification and next-generation cable technologies in Malaysia’s evolving power infrastructure sector.
Under the agreement, Master Tec is granted the rights to market and distribute YOFC Marine’s portfolio of advanced cable products across Malaysia. The collaboration may extend beyond domestic borders to selected regional markets, subject to mutual consent.
The partnership signals a decisive move by Master Tec to strengthen its presence in the advanced cable systems segment, with a particular focus on marine and large-scale transmission projects. The initiative aligns with broader efforts to support the country’s critical utility and infrastructure growth.
Executive Director and Chief Executive Officer Tee Kok Hwa described the agreement as a strategic convergence of capabilities. He noted that the growing demand for high-capacity, next-generation power cable solutions, especially for submarine and transmission applications, underscores the importance of the partnership.
“This collaboration allows us to expedite our entry into new and technically demanding market segments, while ensuring we maintain the level of quality and performance our clients require,” Tee said.
Master Tec closed trading at RM1.04, translating to a market capitalisation of RM1.06 billion.
-The Star
