PETALING JAYA: Hume Cement Industries Bhd
’s net cash position is set to rise to about 15% of its current market capitalisation following the disposal of its loss-making concrete business.
The concrete division, which contributed 5.6% of the cement manufacturer’s revenue in the financial year ended June 30, 2025 (FY25), is being sold to YTL Corp Bhd for RM215mil.
Announced last month, the proposed disposal forms part of Hume’s strategy to divest non-core assets, sharpen operational focus and reallocate capital towards its core cement operations.
UOB Kay Hian (UOBKH) Research said the disposal is expected to generate “an estimated one-off disposal gain of RM185.7mil, including redemption of redeemable convertible unsecured loan stocks amounting to RM42.5mil”.
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