Mudajaya Group to acquire Real Jade Ltd for RM224M

Mudajaya Group Bhd, through its subsidiary Xelmont Ltd, signed an agreement to acquire Real Jade Ltd for HK$400 million (RM224.32 million). Real Jade operates a cement and clinker production plant in Shandong, China.

“We see the growth potential in China, and this expansion into the China market will supplement our local trading and manufacturing of construction materials.”theedgemalaysia.com

• 1 source
• theedgemalaysia.comMudajaya buys cement maker Real Jade for RM224 mil to expand into ChinaNov 5, 2026

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