Sumitomo Corp eyes 20% stake in Press Metal Bintulu

Sumitomo Corp has signed an MOU to acquire a 20% stake in Press Metal Bintulu Sdn Bhd, a subsidiary of Press Metal Bhd, which will operate an aluminium smelting plant in Samalaju Industrial Park, Sarawak.

“The MOU has been entered into to record the understanding between the parties in respect of the vendor’s (PMB) intention to dispose of twenty percent (20%) equity interest in the target company to the purchaser.”theedgemalaysia.com

• 1 source
• theedgemalaysia.comSumitomo eyes 20% stake in Press Metal subsidiaryNov 7, 2026

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