YTL Cement Bhd said yesterday it has entered into a sale and purchase agreement to acquire a further 32.74% stake in Perak-Hanjoong Simen Sdn Bhd, which would result in the latter becoming a 64.84%-owned subsidiary, and triggering a mandatory takeover.
YTL Cement will acquire the remaining shares in Perak-Hanjoong it does not already own at RM1 apiece.
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