# 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.

- Type: Acquisition
- Announced: 2020-05-18
- Where: Malaysia
- Value: $19.4M
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [HL Cement Malaysia](https://endata.com/companies/47317.md) (acquirer)
- [Ridge Star](https://endata.com/companies/47318.md) (acquirer)
- [Tasek Corporation](https://endata.com/companies/47319.md) (target)
- [Hong Leong Asia](https://endata.com/companies/47320.md) (investor)

## Sources

- [globalcement.com](https://www.globalcement.com/news/11532-hl-cement-malaysia-and-ridge-star-acquire-tasek-corporation), 2020-05-18: "Singapore-based Hong Leong Asia subsidiary HL Cement Malaysia has acquired an 88% stake in Tasek Corporation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.