The acquisition is aligned with HLA’s strategy to enhance its capabilities in delivering urban solutions within the built industry.
Hong Leong Asia has paid $90.7 million in cash for privately-held Yong Tai Loong, a supplier of household shelters and other building materials.
Yong Tai Loong, according to Hong Leong Asia, has six decades of history and is one of the five household shelter suppliers approved by HDB.
