# YTL Cement to acquire 81.24% stake in NSL for MYR792M

Malaysian cement producer YTL Cement has agreed to acquire an 81.24% stake in Singapore-based NSL for MYR792 million (US$169.5 million). NSL produces precast concrete components in Malaysia and Dubai.

- Type: Acquisition
- Announced: 2024-07-24
- Where: Singapore
- Value: $169.5M (792.0M MYR)
- Status: announced
- Products: precast concrete components
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [NSL](https://endata.com/companies/19587.md) (target)
- [YTL Cement Group](https://endata.com/companies/61837.md) (acquirer)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/177431/ytl-cement-to-acquire-nsl.html), 2024-07-24: "The move is seen as a chance for YTL to expand into the industrialised building systems’ sectors in Malaysia, Dubai, Finland and Singapore."

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