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PETALING JAYA: Bursa Malaysia has rejected Kinsteel Bhd’s proposed regularisation plan given the plan’s heavy reliance on its subsidiaries financial performance.
KUALA LUMPUR: Stocks to watch on Friday include Kossan Rubber Industries Bhd, Alam Maritim Resources Bhd, AirAsia Group Bhd, JCY International Bhd, Aeon Retail (M), Kinsteel Bhd and WCT Holdings Bhd, according to JF Apex Research.
PETALING JAYA: Kinsteel Bhd has proposed to form a joint venture (JV) in which it will own 45% with a China partner Tianjin Qiangbang Industrial Co Ltd (TQI) to operate a steel plant in Gurun, Kedah.
KUALA LUMPUR: Kinsteel Bhd's wholly owned subsidiary Kin Kee Steel Service Centre Sdn Bhd is entering negotiations with Tianjiin Qiangbang Industrial Co Ltd to form a joint venture company.
KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Securities) today said it would continue to monitor the progress of FSBM Holdings Bhd (FSBM) in respect of its compliance with the listing requirements.
KUALA LUMPUR: Kinsteel Group Bhd has secured creditors' approval for its scheme of arrangement (SOA) to undertake its regularisation exercise which involved holders of its corporate guarantees to undertake a massive haircut.
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
KUALA LUMPUR: A group of upstream players from the Malaysia Steel Association (MSA) is planning to invest about RM5bil within the next three years in an effort to boost the competitiveness and sustainability of the local iron and steel industry.