Tritech Group sells off marble business Terratech

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.

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