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Hong Leong Industries Bhd proposed to acquire Hume Industries (M) Sdn Bhd for RM235.2 million and invest RM175 million in Hume Cement Sdn Bhd, while distributing its stake in Malaysian Pacific Industries Bhd to shareholders.
“The proposed acquisition was expected to enhance HLI’s earnings base and provide a steady stream of future cash flow.”theedgemalaysia.com
Summarized from public sources; check the original articles before acting on it.