Hong Leong Asia to acquire remaining shares in Tasek

Singapore

HONG Leong Asia, which holds an 88.16 per cent stake in cement maker Tasek through two subsidiaries, is making an offer to acquire all the remaining shares it does not own in the company, for about RM83.9 million (S$27.4 million).

Hong Leong Asia, via its units HL Cement and Ridge Star, sought to take Malaysia-listed Tasek private last year.