Asia Digest: PTT unit in JV with Sumitomo; Hap Seng land sale; Compact Metal buys plant

Asia Digest: PTT unit in JV with Sumitomo; Hap Seng land sale; Compact Metal buys plant

A man checks his phone at the entrance of the Singapore Exchange Ltd. (SGX) headquarters in Singapore. Photographer: Ore Huiying/Bloomberg

Thai conglomerate PTT’s petrochemical arm PTT Global Chemical has formed a joint venture with Kuraray Co and Sumitomo Corp while Malaysia’s Hap Seng Consolidated is selling two land parcels for RM90.13 million ($22.48 million). Singapore’s Compact Metal Industries is seeking to buy an African cement plant for S$41 million ($30.16 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter