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TMK Chemical to acquire CCM for RM939.9mil

KUALA LUMPUR: TMK Chemical Bhd has entered into a conditional agreement to acquire Chemical Company of Malaysia Bhd (CCM) for RM939.9mil.

The Star MalaysiaThe Star查看原文 ↗
TMK Chemical将以9.399亿令吉收购CCM

From left: Batu Kawan Bhd senior independent non-executive director Dr Tunku Alina Raja Muhd Alias, TMK Chemical Bhd non-independent executive director and deputy chairman Leong Chao Seong and TMK Chemical non-independent executive director and managing director Wong Kin Wah at the signing ceremony.

KUALA LUMPUR: TMK Chemical Bhd has entered into a conditional agreement to acquire Chemical Company of Malaysia Bhd (CCM) for RM939.9mil.

In a statement, TMK said the purchase consideration will be satisfied through RM438.5mil in cash and the issuance of 262.5 million new TMK shares at RM1.9098 each.

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