ECONOMYNEXT – Ube Singapore Holdings Pte Ltd. has acquired a 10% stake in Sri Lanka’s Tokyo Cement Company (Lanka) in a deal worth Rs769.8 million, a stock exchange filing said.
Tokyo Cement Company said Ube Singapore Holdings Pte Ltd. bought 10,692,000 ordinary voting shares at Rs72 each.
Ube is a diversified Japanese group with the Singapore unit involved in sales of chemicals and building materials in Southeast Asia as well as materials purchasing.
Tokyo Cement Company said Ube Singapore Holdings Pte Ltd. bought 10,692,000 ordinary voting shares at Rs72 each.
Ube is a diversified Japanese group with the Singapore unit involved in sales of chemicals and building materials in Southeast Asia as well as materials purchasing.
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