Posted by samyew1234 > 2016-10-31 16:23 | Report Abuse

HTVB’s 55%-owned jointly-controlled entity, ESSB, is principally engaged in the operation of a blast furnace, and production and sale of steel slabs with an annual production capacity of 700,000 mt.

Posted by samyew1234 > 2016-10-31 16:23 | Report Abuse

ESSB temporarily suspended trial production in October 2015 as a strategy to minimize losses in view of the then depressed market for slabs, soft demand and the increased volatility of the foreign exchange rates.

Posted by samyew1234 > 2016-10-31 16:25 | Report Abuse

Eastern steel want to resume operations with the help of Angang, now steel price is good, of course want to start the operation back, that blast furnace technology, only Eastern Steel and Ann Joo got it at the moments.

Posted by Brainless > 2016-10-31 16:27 | Report Abuse

U talk like 100% hahaha ,u can go work at hiaptek

Posted by samyew1234 > 2016-10-31 16:30 | Report Abuse

I do a lot of research before I buy okay, take calculated risk, even if the deal is not on, I don't see any big risk here, this is not a PN17 company

Posted by ahquan > 2016-10-31 16:32 | Report Abuse

steel company ?

Posted by lwh888 > 2016-10-31 16:33 | Report Abuse

then brainless..no need use think so much..just hentam..and tomorrow c limit up..hopefully

Posted by samyew1234 > 2016-10-31 16:34 | Report Abuse

someone just sapu 2.5 million q at 0.34, if not big kaki or insider, who else, retailers buy one shot together meh?

Posted by lwh888 > 2016-10-31 16:35 | Report Abuse

surely..the angang deal make htv become dai kor in malaysia steel market soon next year. lol

Posted by Brainless > 2016-10-31 16:36 | Report Abuse

Just now I sapu ,not insider

Posted by lwh888 > 2016-10-31 16:37 | Report Abuse

good sapu

Posted by samyew1234 > 2016-10-31 16:37 | Report Abuse

wah, brainless, u percaya wa already? finally, belanja minum, very thirsty now

Posted by Brainless > 2016-10-31 16:37 | Report Abuse

I sapu at dream

Posted by samyew1234 > 2016-10-31 16:39 | Report Abuse

lol, I talk with fact here, waste my time argue with u, bye,

Posted by lwh888 > 2016-10-31 16:39 | Report Abuse

later Najib kor maybe will help steel industry and china co during his china trip..lol

Posted by samyew1234 > 2016-10-31 16:39 | Report Abuse

I free today, nothing to do, fun also argue with u

Posted by Brainless > 2016-10-31 16:42 | Report Abuse

Suddenly many ppl sell

Posted by samyew1234 > 2016-10-31 16:48 | Report Abuse

U see the buy is 1 shot 2.5 million at 0.34, the sell at 0.35 is 88 orders, u understand between those big kaki buying and other ignorant retailers or not

Posted by samyew1234 > 2016-10-31 16:48 | Report Abuse

share outstanding is big ma for this counter, 1.2 billion

Posted by lwh888 > 2016-10-31 16:56 | Report Abuse

LA shall entitle interest soon, dunno why price is still lower than htv mother

Posted by khairulafiif > 2016-10-31 17:08 | Report Abuse

nice closing hopefully can fly tmorrow.

Posted by Hitman > 2016-10-31 17:10 | Report Abuse

can't wait to see the news..

Posted by Brainless > 2016-10-31 17:10 | Report Abuse

No sign everything is dream

Posted by Hitman > 2016-10-31 17:26 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5246989

Posted by samyew1234 > 2016-10-31 17:30 | Report Abuse

Yes yes yes

Posted by Brainless > 2016-10-31 17:31 | Report Abuse

Announce what?

Posted by Hitman > 2016-10-31 17:31 | Report Abuse

samyew, i didnt see the word 'Angang'...

Posted by samyew1234 > 2016-10-31 17:32 | Report Abuse

let me read first, it might be with subsidiary level

Posted by samyew1234 > 2016-10-31 17:34 | Report Abuse

Ansteel is the subsi of angang

Posted by Hitman > 2016-10-31 17:35 | Report Abuse

I found it..you correct subsidiary level..

Posted by Brainless > 2016-10-31 17:36 | Report Abuse

Sign or extend?

Posted by Brainless > 2016-10-31 17:39 | Report Abuse

Dont keep quite , dream hahaha

Posted by Johnnys > 2016-10-31 17:39 | Report Abuse

An steel main reason is would like supply the high speed rail at SE Asia, very good strategy.

Posted by Johnnys > 2016-10-31 17:43 | Report Abuse

50% for Angang, 45.83 for Hiaptek and 4.17 for chinaco

Posted by samyew1234 > 2016-10-31 17:48 | Report Abuse

with the participation of Ansteel, the proposed transaction will allow ESSB to resume its production of slabs which was temporarily suspended in October 2015. The proposed transaction could expand ESSB's product range to include the production of hot rolled coil and could potentially increase its production capacity to 1,500,000 metric tonnes per annum

Posted by samyew1234 > 2016-10-31 17:48 | Report Abuse

the above is the most important implication

Posted by samyew1234 > 2016-10-31 17:49 | Report Abuse

Going to fly like mycron steel

Posted by samyew1234 > 2016-10-31 17:57 | Report Abuse

Ansteel group operates as one of the top five largest steel mills in China and its annual production capacity is around 40 million metric tons of crude steel with more than 200,000 employess.

Since 1950, Ansteel Group has become the nurseling centre for the steel industry's top management, executives, engineers and skilled steel industry workers in PRC. Up to this date, it has trained and transferred and/or seconded to other domestic steel mills about 30,000 skills steel industry workers.

As of the end of 2013, Ansteel Group had 5524 valid patents and 5193 proprietary technology records and won 11 national scientific and technological progress award

Posted by samyew1234 > 2016-10-31 18:00 | Report Abuse

The strategy is simple, Ansteel has the capacity, technology and human capital. China is over produced, hence, with the Malaysia implementation of anti dumping act, I transfer everything and produce it at Eastern Steel sdn Bhd production facility at Malaysia, with that, I can compete with other big steel company like Ann Joo

Posted by Hitman > 2016-10-31 18:05 | Report Abuse

correct!

Posted by samyew1234 > 2016-10-31 18:07 | Report Abuse

Feel free to share, we are here to make money, we all small retailers must united, don't fight here okay

Posted by Major99 > 2016-10-31 18:07 | Report Abuse

HTVB will be?

Posted by Hitman > 2016-10-31 18:08 | Report Abuse

Okay

Posted by samyew1234 > 2016-10-31 18:21 | Report Abuse

HTVB will hold 45.83% of the enlarged share capital of Eastern Steel, Ansteel will hold 50%, Anstell became the tai ko in Eastern Steel, but Eastern Steel will transform from nothing (stop production) to some big player in steel industry of Malaysia

Posted by samyew1234 > 2016-10-31 18:21 | Report Abuse

A bit complicated here, those who bought only will read and understand it

Posted by samyew1234 > 2016-10-31 18:23 | Report Abuse

Ann Joo Integrated Steel Sdn Bhd (AJIS) incorporated in the year 2007, is primarily engaged in the manufacturing and trading of iron, steel and steel related products. The iron-making plant with an annual capacity of 500,000 metric tonnes is commissioned in year 2011 and consists of a 450m3 Blast Furnace and 75m2 Sinter Plant. It is the first modern Blast Furnace (BF) in Malaysia and is also the first and only in Southeast Asia combining the technology of BF and Electric Arc Furnace (EAF). The hybrid technology via hot metal charging into the EAF enables the manufacturing of high grade and engineering grade steel products of higher purity at a competitive cost besides achieving higher steel output, yield and substantial savings in electricity consumption. Balance of hot metal from BF will be casted into pig iron in the pig iron casting machine for own consumption or sale.

Posted by samyew1234 > 2016-10-31 18:24 | Report Abuse

Ann Joo capacity is only 500,000 metric tonnes, this Eastern Steel alone, currently is 700,000 metric tonnes, expected to increase to 1.5 million metric tonnes

Posted by samyew1234 > 2016-10-31 18:25 | Report Abuse

lwh888, see how the market react, but definitely is a good news for Hiap Tek

Posted by Major99 > 2016-10-31 18:25 | Report Abuse

Is sign with angang? Complicate

Posted by samyew1234 > 2016-10-31 18:26 | Report Abuse

Signed with Angang subsidiary, called Ansteel