11
Jan
09:28
Kinsteel escapes bourse delisting again
Malaysia’s Kinsteel has appealed its delisting from Bursa Malaysia and the downgrade has now been postponed until the appeal is concluded, the company says. The company has still not submitted a required restructuring plan but will be loath to take a hit while steel prices are relatively strong, Kallanish notes.
The indebted firm has struggled in recent years through weak markets, import competition and write-downs of its stake in Perwaja Holdings. Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous