“Just take a look at Masteel’s share price performance since mid-November. He adds that he is unaware of any reason for the recent increase in Masteel’s share price. Sources speculate that the Tai family might be willing to let go of their stake in Masteel for about RM100 million. Today, Masteel is one of the country’s leading steel manufacturers specialising in making high-tensile steel bars, mild steel bars and prime steel billets that are most commonly used for construction and infrastructure development works. The group also operates a factory in Bukit Raja, Klang, producing steel bars and steel billets, which are the feedstock for its rolling mills in Petaling Jaya and Bukit Raja plants.

Source: The Edge Markets December 12, 2022 21:03 UTC