YTL Cement Bhd said its shareholders had approved its plan to acquire an additional 32.74% stake in Perak-Hanjoong Simen Sdn Bhd for RM109.7mil cash.
Under the plan announced previously, the company will acquire 109.7 million shares in the cement firm from Danaharta Managers Sdn Bhd. This will raise its stake in Perak-Hanjoong Simen to 68.48%. – AFX-Asia
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