Telekom Malaysia acquires VADS Indonesia
Telekom Malaysia Berhad, through its wholly owned subsidiary VADS Berhad, has received notifications from its legal advisors that Indonesian ministry of Law and Human Rights had approved the establishment of PT VADS Indonesia.
PT VADS was established to undertake the expansion of VADS Group’s BPO business to Indonesia. PT VADS is presently managing the contract awarded by PT Excelcomindo Pratama Tbk for the outsourcing of XL’s contact centre at an estimated contract value of RM104 million.
Oakwell Engineering
Meanwhile Oakwell Engineering Ltd told SGX today that its subsidiary, M&I Electric Far East Pte Ltd, has set up an associated company PT M&I Electric Indonesia. M&I will hold a 45% interest in the new company, while the remaining shares will be controlled by PT Krisna Dwi Mitra (45%) and Mr Tan Sai Chiong (10%).
The new company will carry out the activities of engineering, design, procurement, project management, and other consulting services in relation to the design, building, and management of switchgear, MCC, and related products.
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