YTL Cement completes sale of China subsidiary


“Learning from its advanced technology, operational know-how, procurement, logistics and distribution systems, this exit is part of our strategy to concentrate on achieving a similar position of leadership in our key domestic, export and regional markets, ” said YTL group executive chairman Tan Sri Francis Yeoh

KUALA LUMPUR: YTL Cement (Hong Kong) Ltd has sold its 100% stake in Zhejiang Hangzhou Dama Cement Co Ltd.

In a statement, YTL Cement group said the sale was finalised on April 30,2021.

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