YTL Cement Bhd is likely to spend in excess of RM100 million in cash for its general offer for the rest of Perak-Hanjong Simen Sdn Bhd shares that it does not own.    The company, which has control of 64.84 per cent in Perak-Hanjong, served a takeover notice to the latter’s board yesterday and will pay RM1 each for the rest of the shares, or 35.16 per cent in Perak-Hanjoong.   YTL Cement yesterday completed two purchases that led to the general offer. The first was the acquisition of 107.7 million shares, or 32 per cent, of Perak-Hanjoong from Doosan Heavy Industries & Construction Co Ltd for RM75.25 million cash.   It also acquired 109.66 millon shares, or 32.74 per cent, in the company from Danaharta Managers Sdn Bhd for RM109.66 million cash.  
Published under Cement News