Group managing director Yin Shou-Kang said in the company’s 2020 annual report that CSC Steel will continue to strengthen its competitiveness amid the uncertainties that the Malaysian steel industry is facing following the Covid-19 outbreak and trade wars in 2020.
PETALING JAYA: CSC Steel Holdings Bhd
has unlocked some value through the disposal of two parcels of industrial land in Perai, Penang, for RM43.5mil cash and intends to use the proceeds for working capital.
While this will strengthen the balance sheet of the company, which is primarily engaged in the manufacturing and marketing of steel coils, some analysts are neutral on the proposed disposal.
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