Malaysia’s YTL signs deal with Gopeng

Malaysia’s YTL signs deal with Gopeng
Published: 21 October 2010

YTL Cement Bhd entered into an agreement with Gopeng Bhd for the acquisition of the 35.16% interest in Perak-Hanjoong Simen Sdn Bhd for MYR200m.

At present YTL owns 64.84% of equity interest in Perak-Hanjoong and after completion the purchase, the company will wholly own Perak-Hanjoong. YTL Cement plans to fully integrate the subsidiary’s operations and create synergistic benefits to its entire company.

Source: Business Times, India