MASTEEL to buy 51% stake in Anpec Global for RM 12 million

Bitget2026/10/12 09:48

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Masteel agreed to buy 51% of Anpec Global for RM 12 million, diversifying into high-voltage power infrastructure contracting.
Consideration includes RM 3 million cash, RM 9 million in 45,000,000 new Masteel shares priced at RM 0.20 each.
Anpec is an EPCC contractor focused on substations and industrial electrical systems, with about RM 108.3 million of secured projects.
The vendor, Abd Rasid Bin Mohamed Salleh, will retain 49% of Anpec, receive the new shares, and become a substantial Masteel shareholder.
Completion is targeted for Q1 2027, subject to required approvals including listing of the new shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MASTEEL - Malaysia Steel Works (KL) Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3714057) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MASTEEL to buy 51% stake in Anpec Global for RM 12 million

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