PRESS METAL BUYS AUSTRALIAN RAW MATERIAL SUPPLIER FOR RM738M

PETALING JAYA: Press Metal Aluminium Holdings Bhd's 80%-owned subsidiary Press Metal Bintulu Sdn Bhd (PMBintulu) is acquiring a 50% stake in Japan Alumina Associates (Australia) Pty Ltd (JAA) for A$250 million (RM738.98 million). Press Metal told Bursa Malaysia that PMBintulu had on Oct 17 entered into an asset sale agreement with ITOCHU Minerals & Energy of Australia Pty Ltd and ITOCHU Corp for the acquisition. JAA holds 10% participation...

TheSunDaily.my (Date:10/17/2018 13:36) Read full article >>

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