Kuala lumpur: Mudajaya Group Bhd's indirect wholly owned subsidiary, Xelmont Ltd, is set to sell its 45 per cent equity interest in Real Jade Ltd to Minyi Holdings Ltd (MHL) for HK$234 million (RM118.45 million). The decision aims to offset the debt owed to MHL, which was HK$244.97 million as of April 30, 2026.

According to BERNAMA News Agency, the Malaysian construction and engineering firm revealed that the remaining balance of HK$10.97 million, along with the related interest, will be settled in cash. The disposal represents a strategic move for Mudajaya, allowing the group to unlock and monetize part of its investment in Real Jade while maintaining a controlling stake. This ensures Mudajaya's continued participation in any future growth and operational improvements of Real Jade.

The disposal also offers Mudajaya the chance to optimize its investment exposure in China's cement market and to reallocate management focus towards bolstering its existing core businesses. Real Jade, through its subsidiaries, is primarily involved in the manufacturing, sales, and trading of cement in China.

Additionally, Real Jade is engaged in energy conservation and reuse solutions by installing energy-efficient and environmentally friendly air-conditioning and heating systems for commercial, residential, and industrial buildings. The transaction is anticipated to be completed by the third quarter of 2026.