Malaysians Cancel Participation in Maja Project, IPO of Hanson’s Subsidiary?

Extraordinary meeting of shareholders of Hanson International (MYRX) on Friday, January 13, has approved the initial public offering (IPO) of subsidiary PT Mandiri Mega Jaya (MMJ). On Wednesday (Jan 18), interestingly, Malaysian giant Sime Darby Berhad decided not to pursue the joint venture with Hanson. Two other Malaysian companies also did the same.To subscribe please click here