Abu Sahid absent in Perwaja deal

By NG BEI SHAN

TianJin Zhiyuan chairman and president Zhang Zhong (second from left) exchanging documents with Pheng. With them are (from left) Ong and China

THE absence of Perwaja Holdings Bhd’s major shareholder, Tan Sri Abu Sahid Mohamed, was conspicuous during the signing ceremony between the company and its potential partner, TianJin Zhiyuan Investment Group Co Ltd.

The gutsy businessman has a 63% interest in the local steelmaker with a market value of RM114.8mil.

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Business , Perwaja Holdings Bhd , Kinsteel Bhd

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