Opcom VC Sdn. Bhd. entered into a share sale agreement to acquire 18.03% stake in Binasat Communications Berhad (KLSE:BINACOM) from Na Boon Aik for MYR 39.2 million on September 20, 2023. OVCSB will be acquiring the Sale Shares for total purchase consideration of MYR 39.2 million representing MYR 0.56 per Sale Share. The total purchase consideration of MYR 39.2 million shall be funded by internal generated funds / borrowings. The proposed acquisition does not require the approval of shareholders of OHB. The share sale agreement is expected to be completed by the first week of October 2023.

Opcom VC Sdn. Bhd. completed the acquisition of 18.03% stake in Binasat Communications Berhad (KLSE:BINACOM) from Na Boon Aik on October 2, 2023.