Malaysia: Hume Industries wants more time for land extension

Malaysia: Hume Industries wants more time for land extension
Published: 06 May 2016

Tagged Under: Hume Cement Sdn Bhd Malaysia 

Hume Industries Bhd is seeking a 24-month extension from the Securities Commission (SC) in order to acquire occupation certificate for its Sabah industrial land.

The firm had in April 2014 sought SC's approval for the purchase of the full equity interests in Hume Concrete Sdn Bhd (then known as Hume Industries (Malaysia) Sdn Bhd) and Hume Cement Sdn Bhd.

Among the requirements set by the SC was for the company to obtain the occupation certificate for the industrial land within 24 months from the date of SC's approval letter.