Cementing the road to recovery

By GURMEET KAUR

YTL Cement

ABOUT two years after seeing the entry of YTL Cement Bhd as its major shareholder, Malayan Cement Bhd plans to buy 12 subsidiaries owned by the former for RM5.16bil.

These subsidiaries, involved in the cement and ready-mixed concrete business, are now housed under conglomerate YTL Corp Bhd.

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