Press Metal to acquire additional 35.6% stake in PMB Technology for MYR 465M

Press Metal Aluminium Holdings Berhad (PMAH) has proposed to acquire an additional 35.6% stake in PMB Technology Berhad (PMBT) for MYR 464.95 million (USD 109.9 million) in cash, raising its shareholding to about 58.8% and making PMBT its subsidiary. The acquisition supports PMBT's repositioning from silicon metal to aluminium alloys due to the prolonged weakness in the global silicon metal market.

“PMAH said the acquisition presents a strategic opportunity to reposition PMBT's business as the global silicon metal market continues to face prolonged weakness.”alcircle.com

• 1 source
• alcircle.comSilicon market slump prompts Press Metal to reposition PMBT towards aluminium alloys; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, SectionAug 3, 2026

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