Master Tec Group Berhad (“Master Tec” or the “Group”), a premier player in the manufacturing and distribution of power, control and instrumentation cables, has entered into a Memorandum of Understanding (“MoU”) with Yangtze (Jiangsu) Marine Technology Company Limited (“YOFC Marine”) to explore a collaboration in the area of 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.
The 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.
YOFC Marine, a China-based specialist in marine engineering services and fibre optic cable manufacturing, will support Master Tec’s development initiatives through technical collaboration, product design input, and engineering expertise.
This includes collaboration on submarine composite power cables for both Heating, Ventilation and Air Conditioning (“HVAC”) and High-Voltage Direct Current (“HVDC”) transmission, optical ground wire cables, specialised overhead conductors designed for high-capacity and low-sag performance such as Thermal Aluminium Conductor Steel Reinformed (“TACSR”) conductors, and high-voltage underground cables rated up to 132kV and above.
YOFC Marine brings to this collaboration a decade of technical excellence, supported by its shareholders Yangtze Optical Fibre and Cable (“YOFC”) and Baosheng Science & Technology Innovation Company Limited.
The company possesses world-class capabilities, including Asia’s tallest 201.68-metre vertical VCV tower that ensures stability in submarine cable production, and a 50,000-tonne wharf that supports an annual throughput of 1.2 million tonnes. From Master Tec’s perspective, these strategic assets are instrumental in enabling the Group to expand its presence into high-reliability, next-generation cable systems designed for Malaysia’s tropical marine conditions and evolving grid infrastructure.
This partnership also enhances Master Tec’s access to advanced production infrastructure and engineering expertise. It sets the stage for the joint development of future-ready cable technologies that support the region’s energy transition.
Together, both parties are committed to delivering comprehensive solutions that encompass design, manufacturing, and deployment, aligned with Malaysia’s broader ambitions for energy resilience and modernised infrastructure.
Mr. Tee Kok Hwa, Executive Director and Chief Executive Officer of Master Tec Group commented,
“This 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.”
Also commenting on the collaboration, a shareholder representative, Mr Jan Bongaerts, Senior Vice President from YOFC Marine stated,
“We are delighted to embark on this partnership with Master Tec, a company that shares our commitment to innovation, quality, and long-term infrastructure advancement. Malaysia presents a dynamic market for high-performance cable solutions, particularly as demand grows for smarter, more robust transmission and marine systems.
Through this collaboration, we aim to bring our technical expertise, manufacturing know-how, and global best practices to support Master Tec’s ambition in elevating the local cable manufacturing landscape. Together, we look forward to creating value and delivering future-ready solutions that power Southeast Asia’s energy future.”
The signing of this MoU marks another strategic milestone for Master Tec as it continues to strengthen its market positioning through product innovation, technical partnerships, and customer-centric expansion.
As at 5:00 P.M., 18 June 2025, Master Tec’s share price closed at RM1.04, reflecting a market capitalisation of RM1.06 billion.
