YTL Cement offers to buy Holcim Singapore’s stake in JCL

YTL Cement offers to buy Holcim Singapore’s stake in JCL
Published: 22 January 2010

YTL Cement Bhd, via Singapore unit, YTL Cement Singapore Pte Ltd, has submitted an offer to Holcim Investments (Singapore) Pte Ltd to purchase the latter’s entire stake in Singapore-listed Jurong Cement Ltd (JCL) at an offer price of S$2.50 per share.

In a filing to Bursa Malaysia, it said as at January 20, the offered stake comprised 24.76 million ordinary shares in JCL, representing 55.87 per cent of the total issued and paid-up shares capital.