Hextar Capital Bhd, formerly known as Opcom Holdings Bhd, has completed the acquisition of 49% equity interest in Transgrid Ventures Sdn Bhd through the purchase of 5.39 million ordinary shares for a total consideration of up to RM98 million, marking Transgrid as an associate of Hexcap.

The acquisition signals Hexcap's entry into power generation and transmission, a significant step in its transformation.

Hexcap's MD, Johnson Chang, highlights the synergies between Hexcap and Transgrid's technical capabilities, customer base, and talent, contributing to Hexcap's growth and building a sustainable business proposition for shareholders.

Both companies share a commitment to resilient power infrastructure, positioning them for joint success in serving stakeholders.