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Corporate News

Press Metal unit to acquire Hong Kong firm stake via share swap

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd has proposed to sell 25 per cent or 3.86 million of its shares in PT Bintan Alumina Indonesia (PT BAI) to Hong Kong Prime Aluminium Investment Limited (HK PAI) for US$329.80 million (RM1.55 billion).

HK PAI is wholly owned by Nanshan Aluminium International Holdings Ltd (NAIHL).

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Press Metal Aluminium , share swap , PT BAI , NAIHL , Hong Kong ,  

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