Master Tec, YOFC Marine ink MoU on advanced power cable solutions

KUALA LUMPUR: Master Tec Group Bhd has entered into a memorandum of understanding (MoU) with Yangtze (Jiangsu) Marine Technology Company Limited (YOFC Marine) to explore collaboration on high-specification and next-generation cable solutions for Malaysia’s growing power infrastructure market.

Under the terms of the MoU, Master Tec will be granted the rights to promote and sell YOFC Marine’s suite of products within Malaysia.

In a statement, the wires and cables manufacturer said collaboration may also extend to regional markets on a case-by-case basis, subject to mutual agreement.

This appointment marks a significant step in Master Tec’s expansion into advanced cable systems and marine applications, particularly those supporting large-scale transmission and utility projects.

Executive director and chief executive officer Tee Kok Hwa said the MoU represents a timely and strategic alignment between Master Tec’s growth ambitions and YOFC Marine’s advanced technical capabilities.

“As demand intensifies for higher-capacity and next-generation power cable solutions, particularly in submarine and transmission infrastructure, this collaboration positions us to accelerate our entry into new market segments while upholding the technical standards expected by our clients.”

Master Tec closed at RM1.04, valuing the company at RM1.06bil.