Nexus -
info_outline
Stay signed in to save your points and redeem your rewards at Nexus

Your Rewards are Waiting!

Stay signed in to save the points you've earned. Click on the points to redeem your rewards at Nexus before they expire.

Login In Now
Corporate News

Amsteel selling Antara Steel Mills to Singapore’s Esteel Enterprise for RM509m

By Joseph Chin

KUALA LUMPUR: Lion Industries Corporation Bhd’s (LICB) Amsteel Mills Sdn Bhd is selling its 100% stake in in Antara Steel Mills Sdn Bhd to Singapore’s Esteel Enterprise Pte Ltd for US$122mil or RM509.96mil.

In a filing with Bursa Malaysia on Tuesday it said its 99% owned Amsteel was selling its entire 218 million shares and 30 million redeemable preference shares in Antara.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Lion Industries Corporation , Amsteel Mills , Antara Steel Mills , Esteel Enterprise

Next In Business News
Willowglen unit lands two Singapore contracts worth RM46.6mil
Orkim Secures COA renewal from Petron Malaysia
CGC to implement RM10bil BNM-CGC portfolio guarantee schemes for MSME growth
Ramssol to expand human capital ecosystem with strategic acquisitions
PDC, Aspen formally close BKIP2 RFP matter
Pan Merchant unit wins RM26.49mil Selangor water project contract
Ringgit closes lower amid renewed US tariff concerns
Bursa Malaysia reverses earlier gains to end lower, dragged by losses in telco, banking stocks
Citaglobal unit bags RM37.79mil Penang LRT subcontract
SASC strengthens Islamic digital banking presence with Bank Muamalat deployment

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.