It will be sold to an independent third party.
The engineering firm has decided to sell of its marble blocks and slabs business to an independent third party.
According to a statement by Tritech, the purchaser, Chew Hoe Soon, has agreed to purchase a 29% shareholding interest in Terratech.
“Terratech Group has the exclusive rights to explore, develop, quarry, extract, remove and sell marble products at the Kelantan Marble Quarry in Malaysia for a term of 33 years up to 26 January 2044,” the statement said.
Do you know more about this story? Contact us anonymously through this link.