Founder vows to turn around Kinsteel

Yin Huah: I will be immersing wholeheartedly into (restructuring) Kinsteel to make sure it will return to profitability,

KUALA LUMPUR: Tan Sri Pheng Yin Huah, the founder of debt-ridden Kinsteel Bhd, vows that he will turn around the integrated steel maker if its newly-announced major rescue plan is approved by all interested parties.

“If this rescue plan is supported by the bankers, lenders and the authorities, I have confidence that we can turn the company around and transform it into a bigger and profitable steel player. It will restore the glory of the old days, ” he told StarBiz in a recent interview.