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2020-12-08 00:08 | Report Abuse
Masteel seeks RM81.5mil via rights issue exercise
Monday, 07 Dec 2020 7:10 PM MYT
KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) is seeking to raise up to RM81.5mil by selling rights shares with free detachable warrants.
The proposed rights issue to be undertaken would be on the basis of one rights share for every two existing Masteel shares held, on an entitlement date to be determined at a later date.
Based on the issue price of 36 sen per rights share, the exercise is expecte dto raise gross proceeds of between RM81.1mil and RM81.5mil.
The company has allocated up to RM69mil for working capital requirements, RM10mil for the repayment of bank borrowings, and the balance RM2.5mil to defray the estimated expenses.
Masteel managing director and CEO Tai Hean Leng said the company has employed the latest steel melting technology to optimise its cost.
“We are witnessing an upcycle in steel demand within both the local and regional markets, as governments prioritize high-multiplier infrastructure developments and construction projects to stimulate economic growth," he said in a statement today.
"This is clearly advantageous for established steel manufacturers like us who have both capacity and competitiveness to reap the benefits of this recovery," he added.
Masteel is expecting to commission a third manufacturing plant in the first quarter of 2021, that would increase its productivity and expand the versatility of the Group’s product range to eventually include alloy and stainless steel.
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2020-12-07 14:01 | Report Abuse
Ekovest now already 0.545 ...
Ekovest lai liao lai liao !
Huat ah ! Heng ah ! Ong ah !
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2020-12-07 12:29 | Report Abuse
Yes, announced venture into Covid-19 vaccine business !
Huat ah ! Heng ah ! Ong ah !
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2020-12-07 12:27 | Report Abuse
Yes, free warrant C on this Thursday EGM meeting !
Huat ah ! Heng ah ! Ong ah !
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2020-12-07 11:52 | Report Abuse
Like this trend, XOX today at least will ranked no 2 in the most active listing already !
Maybe also can ranked number one today !
Keep it up XOX !
Huat ah ! Heng ah ! Ong ah !
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2020-12-07 11:25 | Report Abuse
GRAB 蚂蚁等 夺得新加坡数码执照
5-12-2020 15:43
https://www.sinchew.com.my/content/content_2388260.html
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2020-12-07 09:50 | Report Abuse
Now is just the starting of the bull market, why wanted to sell it so early ?
It will break above RM2.00 in soonest of time !
Huat ah ! Heng ah ! Ong ah !
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2020-12-06 20:01 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 20:00 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
Huat ah ! Heng ah ! Ong ah !
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2020-12-06 19:59 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
Huat ah ! Heng ah ! Ong ah !
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2020-12-06 19:59 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:58 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:58 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
Huat ah ! Heng ah ! Omg ah !
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2020-12-06 19:57 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
Huat ah ! Heng ah ! Omg ah !
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2020-12-06 19:56 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:56 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:56 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:55 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:55 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:54 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:54 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 19:53 | Report Abuse
Brent will break above $50 next week and break above $60 by end of December 2020 !
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2020-12-06 13:42 | Report Abuse
Wow, superb great news !
ANTZ just got the digital license from Singapore !
Like that tommorrow XOX will spike up like mad already liao lah !
Tommorrow XOX probably will be opened at=>
0.20 (+0.095) (+90.5 %) !
and closed at=> 0.40 (+0.295) (+281 %) !
Keep it up XOX !
Huat ah ! Heng ah ! Ong ah !
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2020-12-06 13:35 | Report Abuse
GRAB 蚂蚁等 夺得新加坡数码执照
5-12-2020 15:43
https://www.sinchew.com.my/pad/con/content_2388260.html
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2020-12-05 15:38 | Report Abuse
TqTq...
With this slogan, Ekovest’s price definitely will
heading to Mars one !
Huat ah ! Heng ah ! Ong ah !
Stock: [MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
2020-12-08 00:12 | Report Abuse
Good news, can buy more RI @0.36 and sell it above @0.50 !
Some more got free warrants !
Huat ah ! Heng ah ! Ong ah !