E&O and OCK form JV to wire up Andaman Island
- OCK Group (51%) and E&O (49%) signed a shareholders’ agreement on 16 October 2026 for a joint venture to build, own and run telecommunications and digital infrastructure on Andaman Island, Penang.
- The JV will provide towers, poles, smart poles, fibre and in-building coverage to telecom operators and internet providers across Andaman Island Phases 1 and 2, starting with RM2 million of share capital.
- Andaman Island Phase 1 is 249.2 acres and Phase 2 about 507 acres, with Phase 2 reclamation due by end-2028; E&O is also planning a 240-bed hospital there for 2030.
Eastern & Oriental Bhd (E&O) and OCK Group Bhd are setting up a joint venture to build and run the telecommunications network on Andaman Island, E&O's reclaimed island off Gurney Drive and Tanjung Tokong in Penang. The two companies signed the shareholders' agreement on 16 October 2026.
The joint venture
- Who owns it: OCK Setia Engineering Sdn Bhd, a unit of OCK, will hold 51% and E&O's Tinggi Murni Sdn Bhd 49%. They are putting in RM1.02 million and RM980,000 of share capital, RM2 million in all
- What it will build: telecommunications towers and poles, smart poles, fibre-optic and broadband networks, and in-building coverage. It will lease these to telecom operators and internet providers serving the island
- Where: Andaman Island Phase 1 and Phase 2
- Funding: further money can come from bank loans, shareholders' loans at 6.5% a year or new equity
- Size: OCK says the deal is not material to its finances, with a highest percentage ratio of 0.2%, and does not need its shareholders' approval
E&O managing director Kok Tuck Cheong said: "For a development of Andaman Island's scale and ambition, infrastructure cannot be an afterthought." OCK group managing director Datuk Wira Sam Ooi Chin Khoon said OCK would bring towers, in-building coverage and fibre-to-the-home under one platform on the island.
Andaman Island
- Size: E&O's 2026 annual report lists Andaman Island Phase 1, formerly Seri Tanjung Pinang Phase 2A, at 249.2 acres, and Phase 2, formerly Phase 2B and 2C, at about 507 acres. Phase 2 is still being reclaimed and is due to be finished by the end of 2028 or earlier
- Already built or selling: The Meg and Senna and Fera Phases 1 and 2 are complete. Arica, Senna and Fera Phases 3 and 4, The Lume, Maris and AVÉA are under development. The Gurney Bridge to the island opened in December 2025
- Other projects announced: in June 2026, E&O agreed with Cengild Medical Bhd and Skyspring Sdn Bhd to build a 240-bed private hospital on the island, due to open in 2030
- Next door: the state put six acres beside Gurney Bay up for auction on 7 October at a reserve of RM1,200 psf
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