Hong Leong Asia acquires construction product supplier Yang Tailong for HKD 90.68 million | Lianhe Zaobao
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Hong Leong Asia fully acquired the construction product supplier Yang Tailong for HKD 90.68 million in cash, aiming to expand its construction materials business in Singapore. Yang Tailong was established in 1972 and provides construction products that meet safety standards, including explosion-proof iron doors and fireproof steel doors. After the acquisition, Hong Leong Asia will retain Yang Tailong's management team to ensure smooth business integration. Following the acquisition announcement, Hong Leong Asia's stock price rose by 1.28%, closing at HKD 3.17
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