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Malayan Cement Berhad’s 85 Million Share Placement Oversubscribed
14 June 2021
Kuala Lumpur, 14 June 2021 — Today, Malayan Cement Berhad successfully completed its private placement of 85 million new shares with an oversubscription of 1.13x. The placement price was fixed at RM2.79 per Malayan Cement share, reflecting a discount of 9.92% on the 5-day volume weighted average price of RM3.0971 per share.
Managing Director of Malayan Cement, Dato’ Sri Michael Yeoh, said, “We are delighted that the offering has been met with strong support from investors, given the prevailing volatility of the local market. The success of this placement attests to the appreciation for the fundamental values that underline Malayan Cement’s business”.
The new shares were listed on the Main Market of Bursa Malaysia Securities Berhad today.
As announced on 12 May 2021, Malayan Cement embarked on the acquisition of 12 companies with established track records of operational profit to further enhance its cement and ready-mixed concrete business. The RM5.2 billion transaction is currently pending completion, subject to the receipt of the necessary approvals.
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Malayan Cement Berhad (MCB) is the Malaysian operations of YTL Cement Group and the country’s leading building materials company. As part of a regional Group committed to helping you build better, MCB provides an integrated suite of high-performance materials and sustainable environmental services that support construction of all scales – from homes to major infrastructure.
With a legacy that spans more than 70 years, MCB operates integrated cement plants in five locations, four grinding plants, three cement terminals, two depots and over 50 ready-mixed concrete batching plants two drymix plants, three aggregate quarries, and a dedicated R&D facility – the Construction Development Lab.
MCB offers a full range of building solutions, including cement, clinker, ready-mixed concrete, drymix, and quarry products, all designed to meet the evolving needs of the Malaysian market. The company also delivers sustainable innovations such as its ECO Product Range and offers environmental services.
With a fleet of over 1,500 trucks covering more than 120,000 kilometres daily, MCB ensures efficient and reliable delivery to customers across Peninsular Malaysia. Its scale, operational reach, and long-standing experience position it as a key partner in nation building.
MCB offers a full range of building solutions, including cement, clinker, ready-mixed concrete, drymix, and quarry products, all designed to meet the evolving needs of the Malaysian market. The company also delivers sustainable innovations such as its ECO Product Range and offers environmental services.
With a fleet of over 1,500 trucks covering more than 120,000 kilometres daily, MCB ensures efficient and reliable delivery to customers across Peninsular Malaysia. Its scale, operational reach, and long-standing experience position it as a key partner in nation building.
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