KUALA LUMPUR (Feb 4): Two steel associations are objecting to the proposed Wenan steel manufacturing project in Bintulu, Sarawak, saying it will further increase the oversupply that is afflicting the industry.
KUALA LUMPUR (Jan 23): Leader Steel Holdings Bhd is acquiring a piece of freehold land in Klang for RM30.
KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.
KUALA LUMPUR (Nov 30): Lion Industries Bhd reported a net loss of RM110.
KUALA LUMPUR (Nov 15): Amalgamated Industrial Steel Bhd (AISB) is acquiring five parcels of land near the under-construction Damansara Damai MRT station in Sungai Buloh for RM31 million.
KUALA LUMPUR (Nov 8): Chin Hin Group Bhd's subsidiaries are selling RM76.
KUALA LUMPUR (Oct 8): Ann Joo Resources Bhd (AJRB) and Southern Steel Bhd (SSB) are joining forces via a 55:45 joint venture (JV) company to synergise opportunities in the long product steel manufacturing business.
KUALA LUMPUR (Sept 24): Practice Note 17 (PN17)-listed Kinsteel Bhd is seeking to regularise its operations as a going concern and has proposed a share reduction and fundraising.
KUALA LUMPUR (Aug 15): The building materials sector is expected to remain challenging throughout 2019 despite improving news flow for the construction sector, according to Hong Leong Investment Bank Research (HLIB Research).
KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive pressures in the Malaysian market, according to Malaysian Rating Corp Bhd (MARC).
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