Amsteel selling Antara Steel Mills to Singapore’s Esteel Enterprise for RM509m

By Joseph Chin

Corporate News
Tuesday, 12 Oct 2021
9:54 AM MYT

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KUALA LUMPUR: Lion Industries Corporation Bhd ’s (LICB) Amsteel Mills Sdn Bhd is selling its 100% stake in in Antara Steel Mills Sdn Bhd to Singapore’s Esteel Enterprise Pte Ltd for US$122mil or RM509.96mil.

In a filing with Bursa Malaysia on Tuesday it said its 99% owned Amsteel was selling its entire 218 million shares and 30 million redeemable preference shares in Antara.

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Monthly Plan

~~RM13.90/month~~
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

~~RM12.33/month~~
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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Tags / Keywords: Lion Industries Corporation , Amsteel Mills , Antara Steel Mills , Esteel Enterprise

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Corporate News Singapore

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Amsteel selling Antara Steel Mills to Singapore’s Esteel Enterprise for RM509m