PETALING JAYA: Hiap Teck Venture Bhd
’s 55%-owned subsidiary, Eastern Steel Sdn Bhd, has decided not to extend the deadline of its cooperation agreement with Chinese steel products producer An Steel International Co Ltd, a unit of Angang Group Hong Kong Co Ltd.
The cooperation agreement was between four parties, namely, Eastern Steel, Ansteel Group, China-based Shougang Group’s unit Orient Steel Investment Pte Ltd, and Chinaco Investment Pte Ltd.
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