Gopeng Bhd, which owns slightly more shares in Perak-Hanjoong Simen Sdn Bhd than YTL Cement Bhd, is expected to agree to jointly manage the Perak-based cement company.
Gopeng owns 35.2% of the cement producer while YTL Cement recently proposed to purchase a 32.1% stake in Perak-Hanjoong for RM75.2mil cash.
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