YTL Cement Bhd is buying the remaining 50% equity interest in Pahang Cement Sdn Bhd that it does not already own from Perbadanan Setiausaha Kerajaan Pahang (PSKP) and Pasdec Corp Bhd for a total of RM138mil.
As provided in the sale and purchase agreement signed by the parties yesterday, the purchase consideration for the Pahang Cement stake will be satisfied by the issuance of 36.8 million new ordinary RM1 shares in YTL Cement at an issue price of RM3.75 each.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
