Sunway declines comment on HeidelbergCement buy

Sunway declines comment on HeidelbergCement buy
Published: 13 July 2009

Sunway Holdings Bhd has declined comment on talk that the company is bidding to acquire the local concrete plants, quarries and asphalt factories owned by HeidelbergCement AG.

Executive chairman Tan Sri Cheah Fook Ling would only say the company was not yet sure whether to acquire the factories.

It was reported that Sunway was interested in acquiring these assets when the indicative selling price was US$200m (MYR717.4m) but might pull out from the bid after the price was raised to US$250m.

Source: biz.thestar.com.my