PETALING JAYA: Hume Cement Industries Bhd
has signed a share sale and purchase agreement with YTL Cement Bhd's wholly-owned subsidiary YTL Cement (Sarawak) Sdn Bhd to dispose of its entire equity interest in Hume Concrete Sdn Bhd (HCCT) for a base price of RM215mil.
In a filing with Bursa Malaysia, Hume Cement said the proposed disposal forms part of the group’s ongoing strategic review to sharpen its operational focus.
