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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.
Eastern Pretech Solutions secured contracts to supply 117,000 precast concrete sleepers for the Klang Valley Double Track and East Coast Rail Link projects in Malaysia. Eastern Pretech Singapore was awarded a subcontract for precast elements for a billion-dollar integrated development in Toa Payoh, Singapore.