KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) plans to place out 42.5 million new shares to Macquarie Bank Ltd to raise cash and reduce its debts.
The new shares will be sold at 38 sen each, spread over in several tranches over the next 12 months, the steel bar maker said in a filing with Bursa Malaysia today.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!