YTL Cement’s natural progression

YTL Cement

KUALA LUMPUR: YTL Cement Bhd will dispose of its entire cement and ready-mixed concrete operations in Malaysia to its subsidiary Malayan Cement Bhd for a total consideration of RM5.158bil under an asset rationalisation and optimisation plan.

Under the agreement, Malayan Cement will acquire 12 companies involved in cement and ready-mixed concrete businesses, as well as YTL Cement’s marketing and plant management activities.