Malayan Cement buys YTL's cement biz for RM5.16b


Malayan Cement will acquire 12 companies involved in cement and ready-mixed concrete businesses, as well as marketing and plant management activities from its parent YTL Cement.

KUALA LUMPUR: Malayan Cement Bhd (MCB) is buying YTL Cement Bhd's entire cement and ready-mixed concrete operations in Malaysia for RM5.16bil cash consideration to increase MCB's business, bolster its profitability and enhance its value.

In the corporate exercise on Wednesday, MCB had entered into an agreement with YTL Cement, which is its parent company, to acquire 12 companies involved in cement and ready-mixed concrete businesses, as well as marketing and plant management activities

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In