PETALING JAYA: Press Metal Aluminium Holdings Bhd is buying a 50% stake in a company that holds a 10% interest in the Worsley Alumina project, as the local smelter seeks to secure long-term access to the key raw material.
In a filing with Bursa Malaysia, the company said 80%-owned subsidiary, Press Metal Bintulu Sdn Bhd, has proposed to acquire a 50% equity interest in Japan Alumina Associates (Australia) Pty Ltd (JAA) for A$250mil (RM739mil).
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