15
Jan
10:36
Kinsteel submits regularisation plan
Malaysia’s Kinsteel says it has now submitted a regularisation plan to Bursa Malaysia. The steel company has been at risk of delisting for several months but appealed its delisting and has managed to hold it off for now, Kallanish notes.
The company has MYR 800 million ($202.7m) in debts plus an MYR 850m corporate guarantee for its subsidiary steel plant Perwaja Holdings. Kinsteel now hopes to receive approval for its plan within two months, acco…
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Anonymous
Very good overview of the weekly steel market.
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