SELOGA Holdings Bhd is teaming up with two Thai partners to set up a US$63.5mil (RM241.3mil) asphalt plant in Kemaman, Terengganu.
The company has taken up a 50% stake in a joint venture company, Kemaman Oil Corp Sdn Bhd (KOC), which in turn owns a 94% stake in Kemaman Bitumen Sdn Bhd (KBSB), the company that will operate the asphalt plant.
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