◂ Announcements

May 18, 2020ACQUISITIONMalaysia

HL Cement Malaysia and Ridge Star acquire Tasek Corporation

HL Cement Malaysia, a subsidiary of Hong Leong Asia, acquired an 88% stake in Tasek Corporation, while Ridge Star acquired the remaining 12% minority stake, for a total of US$19.4m.

Value

$19.4M

Status

Completed

Productscement

CompaniesHL Cement Malaysia acquirer Ridge Star acquirer Tasek Corporation target Hong Leong Asia investor

Sectors#Construction Materials

“Singapore-based Hong Leong Asia subsidiary HL Cement Malaysia has acquired an 88% stake in Tasek Corporation.”globalcement.com

1 source
globalcement.comHL Cement Malaysia and Ridge Star acquire Tasek CorporationGlobal Cement staffMay 18, 2020

Summarized from public sources; check the original articles before acting on it.

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