The board of directors of Transit-Mixed Concrete Ltd. announced that Crescent Forest Ready Mix Sdn. Bhd. a 51% owned subsidiary of Transit-Mixed Concrete (M) Sdn. Bhd. the Company's wholly-owned subsidiary in Malaysia, has ceased business operations in the manufacture and sale of ready-mixed concrete in Malaysia with effect from 8 January 2019. Crescent Forest was incorporated in Malaysia on 1 August 2017. The paid-up share capital of Crescent Forest is MYR 2,000,000.00 comprising 2,000,000 shares.