KUALA LUMPUR: YTL Corporation Bhd emerged as one of the most active counters in early trade on April 24, 2026, following its unconditional mandatory takeover offer (MTO) for Concrete Engineering Products Bhd (CEPCO) through its unit, YTL Cement Bhd.
At 10:33 am, YTL Corp shares rose 1.5% to RM2.70, with over 20 million shares traded, making it the second most active stock on Bursa Malaysia. The MTO was triggered after YTL Cement acquired a 33% stake in CEPCO, crossing the mandatory offer threshold.
YTL Cement offered RM1.20 per share for the remaining CEPCO shares, a 20% premium over the last traded price. The offer values CEPCO at approximately RM150 million.
Analysts view the acquisition as strategic for YTL Cement to expand its presence in the concrete products market, particularly in the infrastructure sector. The MTO is expected to be completed by June 2026.
