Opcom VC Sdn. Bhd. agreed to acquire an additional 3.58% stake in Binasat Communications Berhad (KLSE:BINACOM) from Lim Yau Siong for MYR 7.78 million on October 26, 2023. Opcom VC Sdn. Bhd. will acquire 13.89 million shares for MYR 0.56 per share. The Purchase Consideration will be funded by a combination of internally generated funds and/or bank borrowings. M&A Securities has been appointed as the Financial adviser to Opcom VC Sdn. Bhd. Acquisition is expected to be completed in the fourth quarter of 2023.

Opcom VC Sdn. Bhd. completed the acquisition of additional 3.58% stake in Binasat Communications Berhad (KLSE:BINACOM) from Lim Yau Siong for on January 12, 2024..