TMK Chemical Bhd has announced a proposal to acquire a 100 per cent equity interest in Chemical Company of Malaysia Bhd (CCM). The acquisition is to be made from Batu Kawan Bhd (BKB). The indicative purchase consideration for the deal is set at RM920 million. This transaction is structured on a cash-free and debt-free basis. Notably, the acquisition excludes certain assets of the company. The move represents a significant strategic investment for TMK Chemical. Further details regarding the final terms of the agreement are expected.