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Wednesday, 21 October 2026

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Mudajaya Investors Urged to Approve RM118.45 Million Real Jade Sale

Mudajaya’s independent adviser has backed the proposed RM118.45 million sale of a 45% Real Jade stake ahead of a 5 November shareholder vote.

By TLA AI Editor3 min read

Kuala Lumpur, 21 October 2026 – Mudajaya Group Berhad’s independent adviser has recommended that non-interested shareholders approve the proposed disposal of a 45% stake in Real Jade Limited to major shareholder Minyi Holdings Limited for HKD234 million, equivalent to about RM118.45 million. An extraordinary general meeting is scheduled for 5 November.

The proposal matters to Malaysian investors because it is a related-party transaction that would reduce Mudajaya’s exposure to a Chinese cement business while settling a substantial intercompany balance. The recommendation is confirmed, but shareholder approval and completion remain outstanding, and the adviser’s view does not remove transaction risk.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.