Singapore-listed Hong Leong Asia Ltd (HLA), announced that it has served a notice of unconditional voluntary take-over offer to its subsidiary, Tasek Corporation Berhad (Tasek) on 28 May 2019, based on the offer price of RM5.50 for ordinary shares and preference shares that HLA does not own. 

HLA, via two wholly-owned subsidiaries, currently holds approximately 80.08% interest in Tasek.

Tasek was incorporated in Malaysia in 1962 and was listed on Bursa Malaysia Securities Berhad since 1964.

Tasek’s operations are in the manufacture and sale of cement and related products.