A Company Linked To Mahathir's Sons Was Awarded A RM11 Mil Contract Days After GE14

One of his sons is the CEO, while the other is a major shareholder of the company.

Cover image via Perak World

Within a week after the 14th General Election (GE14), a subsidiary of Opcom Holdings Bhd was given an RM11.16 million contract by Telekom Malaysia (TM)

Opcom Cables Sdn Bhd, a subsidiary of Opcom Holdings Bhd.

Image via Foursquare

Malaysiakini reported yesterday, 31 July, that Opcom received the 'Rakan Unifi' contract on 14 May, just five days after GE14. 

The 18-month long contract is for the installation and restoration of Unifi service, starting from 2 July this year to 31 December 2019. 

The Star reported Opcom as being involved in the manufacturing of fibre optic cables and other cable-related products.

Sons of Prime Minister Tun Dr. Mahathir Mohamad, Tan Sri Mokhzani Mahathir and Datuk Seri Mukhriz Mahathir are involved in the company

(From left) Mokhzani and Mukhriz

Image via Perak World

Mokhzani is Opcom's chairman and CEO, while his younger brother Mukhriz is the largest shareholder of the company. 

According to Malaysiakini, Mukhriz, who founded Opcom, holds 25.2% of the company's shares. 

Opcom shares have surged 135% since May this year, closing at RM0.94 yesterday

Nonetheless, Opcom said in a statement on Bursa Malaysia that none of its directors and shareholders has any direct or indirect interest in the TM contract.

You can read Opcom's statement in full here:

Image via Bursa Malaysia

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