KUALA LUMPUR: Hong Leong Industries Bhd
(HLI) has entered into a conditional sale and purchase agreement (SPA) with Saint-Gobain Malaysia Sdn Bhd to dispose of the entire issued and paid-up share capital of its wholly-owned unit, Hume Cemboard Industries Sdn Bhd (HCB), for a cash consideration to be determined.
In a filing with Bursa Malaysia today, HLI said the proposed disposal would enable the company to realise its investment in HCB and exit its non-core fibre cement board business.
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