The company said in separate announcements to Bursa Malaysia that the two units, OCK Myanmar Towers Pte Ltd and OCK Vietnam Towers Pte Ltd, were set up with the intention to undertake activities related to tower facilities, utilities and communication network for mobile and broadband operators.

Ooi Chin Khoon, OCK managing director and substantial shareholder, and Low Hock Keong, also a director and shareholder, have been appointed directors of both units.

The company recently inked 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.

Ooi had recently shared that the company was in talks for another business opportunity in Vietnam that would add to its future net profit.

He had told StarBizWeek in March that there were no plans to raise more cash for the Vietnam deal as the company was in a comfortable cash position after raising 30 million ringgit (US$7.31 million) from shareholders recently.