29
Jul
01:00
Perwaja Steel director hit by tax scandal
Perwaja Steel, which in in the middle of a take-over by a Chinese company, has seen one of its directors appear in court amidst claims of tax malpractice, local media report. The impact on the company is uncertain, as is how any new liability would be viewed by new investor Tianjin Zhiyuan Investment Group, Kallanish notes.
Pheng Yin Huah was represented by Perwaja’s legal advisor Victor Teoh, according to Malaysia’s Bernama. He is accu…
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Anonymous
Very good overview of the weekly steel market.
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