Mudajaya sets Nov. 5 shareholder vote on 45% Real Jade stake sale

Bitget2026/10/21 06:10

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Mudajaya Group's Xelmont and Minyi Holdings extended the deadline for conditions on their Real Jade transaction to November 27, 2026.
The agreement signed May 28, 2026, covers Xelmont's sale of a 45% Real Jade stake for HKD 234 million.
Consideration will offset HKD 244.97 million owed to Minyi; Xelmont will pay the HKD 10.97 million balance, with accrued interest, in cash.
Completion is expected in the fourth quarter of 2026, leaving the group with a controlling 55% stake in Real Jade.
The disposal is expected to generate a HKD 82.11 million gain while reducing debt exposure to the PRC cement business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mudajaya Group Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3716987) on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mudajaya sets Nov. 5 shareholder vote on 45% Real Jade stake sale

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