Hong Leong Group offers to buy out Tasek

Print this page

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

URL: https://globalcement.com/news/item/9335-hong-leong-group-offers-to-buy-out-tasek

© 2021 Pro Global Media Ltd. All rights reserved.