Tuesday, 17 May 2022 08:44 PM MYT
Following an announcement made on April 7, MT 23 has transferred 19.54 million shares of the issued and paid-up share capital of MTSB to Borneo Oil, and agreed to sell a further 28.36 million MTSB shares, representing a total of 38 per cent shareholdings in MTSB. “The outlook for Sabah’s clinker and cement industry is favourable, given the high cement prices in Sabah compared with the rest of Malaysia and its proximity to the Brunei, Indonesia, Malaysia and the Philippines East Asean Growth Area ,” Borneo Oil said.
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