Chew Bros now controls Lysaght

PETALING JAYA: Lysaght Galvanized Steel Bhd may be looking at a potential mandatory general offer now that Chew Bros (M) Sdn Bhd has acquired a 51.63% stake in Lysaght (Malaysia) Sdn Bhd (LMSB), the immediate holding company of the former.

Lysaght’s board said in a Bursa Malaysia announcement that the company was notified last Friday that Chew Bros had acquired the stake in LMSB.