Malayan Cement gets shareholders’ nod on YTL Cement

Executive chairman of both companies Tan Sri Francis Yeoh Sock Ping said: “We are extremely grateful for the steadfast support from our minority shareholders of Malayan Cement throughout this process, which has seen them endorse our long-term vision from the start.

PETALING JAYA: Malayan Cement Bhd has received its shareholders’ approval to proceed with the acquisition of YTL Cement Bhd’s entire cement and ready-mixed concrete operations in Malaysia for a total consideration of RM5.2bil.

The approval was given at an EGM yesterday.