25
Sep
10:31
Kinsteel launches plan to avoid extinction
Malaysia’s Kinsteel is continuing to fight against bankruptcy and a forced winding up of the business. It has now proposed raising funds through a share issuance and land and equipment sale while reducing its overall capital, Kallanish notes.
The plan proposed to Bursa Malaysia this week would see the company raise up to MYR 46.6 million ($11.16m) through an issue of new shares to selected firms. It would also sell land and the facilities on that land for …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous