A shot in the arm: Zhang (left) exchanging documents with Perwaja director Tan Sri Pheng Yin Huah. With them is Ong (centre). Zhiyuan
KUALA LUMPUR: China’s Tianjin Zhiyuan Investment Group Ltd (Zhiyuan) will inject RM1.8bil into Perwaja Holdings Bhd under a corporate exercise that will see the Chinese firm emerging as a major shareholder of the ailing steel maker.
The entry of Zhiyuan, which is a diversified group involved in chemicals, minerals construction materials and logistics, among others, forms the core of the regularisation and revitalisation scheme for Perwaja.
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