TMK Chemical has announced a proposal to acquire the Chemical Company of Malaysia (CCM) for RM920 million. The acquisition will be made from Batu Kawan Bhd. To fund the transaction, TMK Chemical plans to use a combination of cash payments and the issuance of new shares. This strategic move aims to integrate CCM's operations into TMK Chemical's portfolio. The deal represents a significant investment in the chemical sector. Further details regarding the timeline and regulatory approvals are expected. The transaction marks a major shift in ownership for CCM.