BEAMSTART Logo

Mudajaya to acquire Real Jade

The Star Business LogoThe Star Business1 mo ago

Mudajaya to acquire Real Jade

Quick Summary AI Powered

KUALA LUMPUR: Xelmont Ltd, an indirect wholly-owned subsidiary of Mudajaya Group Bhd, has entered into a share sale and purchase agreement with Minyi Holdings Ltd to acquire the entire equity interest in Real Jade Ltd for RM224.32mil to be fully satisfied by cash.

The filing said the proposed acquisition represents “a horizontal expansion” for Mudajaya Group’s trading and manufacturing segment, allowing the group to expand its revenue stream and also expand its business operations into China.

In a filing with Bursa Malaysia yesterday, Mudajaya said the proposed acquisition entails Xelmont taking 100% equity interest in Real Jade, a holding company with subsidiaries principally engaged in the manufacturing and sales of cement and clinker, and cement trading in China.


More Pictures


or

Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Mudajaya Group Corporate News Xelmont Ltd /Business/Business News Real Jade Minyi Holdings Entire equity interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 1 minutes read

Article Length: 119 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 23836

View Article Analysis

About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 12h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.