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News Hong Leong Group offers to buy out Tasek

Hong Leong Group offers to buy out Tasek

Written by Global Cement staff 29 May 2019
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Malaysia: Hong Leong Group has offered to buy out the minority shareholders in Tasek. The offer values the cement producer at around US$160m, according to the Star newspaper. Hong Leong Group is controlled by Quek Leng Chan who owns an 80% stake in Tasek through Hong Leong Asia. If the minority shareholders accept the offer the the cement producer could become a private company. Tasek operates a 2.3Mt/yr integrated plant in Perak state.

Last modified on 29 May 2019
Published in Global Cement News
Tagged under
  • Malaysia
  • Hong Leong Group
  • Acquisition
  • Tasek Cement
  • offer
  • shareholders
  • GCW407

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