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KUALA LUMPUR: YTL Corp is making a mandatory offer (MO) for the remaining shares in Lafarge Malaysia Bhd following its acquisition of a 51% stake in the cement maker from its parent company.
KUALA LUMPUR: YTL Corp Bhd said subsidiary YTL Cement Bhd has agreed to acquire LafargeHolcim's entire 51% stake in Lafarge Malaysia Bhd for US$396mil, as well as the Switzerland-based company's cement business in Singapore.
PETALING JAYA: The potential revival of the East Coast Rail Link (ECRL) will not only benefit local construction players, but there will also be positive spillover effects on building material companies in Malaysia.
KUALA LUMPUR: Maybank Investment Bank has maintained a “sell” on Lafarge Malaysia Bhd with a lower target price of RM6.50 as competition stiffens and unattractive valuations.
KUALA LUMPUR: The management of YTL Corp expects its construction, ERL and telco business to be the main earnings driver for the financial year ending June 30, 2017.