A NEW business has been found for cash-rich Hume Cemboard Bhd (HCB) from within the Hong Leong Group with the acquisition of furniture maker Hume Furniture Industries Sdn Bhd (HFI) for RM57.7mil.
HCB, a 67.8% subsidiary of Hume Industries (M) Bhd, said it had entered into conditional share purchase agreements with its parent and another party to acquire the entire 13.2 million shares in HFI as it had a viable business with good potential.
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