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KUALA LUMPUR: Hiap Teck Venture Bhd (HTVB) has agreed to subscribe for 54.6 million new shares worth RM53.24 million in 27.3 per cent-owned joint venture Eastern Steel Sdn Bhd (ESSB) which is seeking to raise RM195 million via a proposed rights issue. ....
Hiap Teck Venture Bhd (HTVB) has agreed to subscribe for 54.6 million new shares worth RM53.24mil in 27.3%-owned joint venture Eastern Steel Sdn Bhd (ESSB) which is seeking to raise RM195mil via a proposed rights issue. ....
On October 9, Eastern Steel Sdn Bhd’s No. 2 blast furnace (1,380m³ capacity) , the largest BF in Malaysia, was officially put into operation, with an annual molten iron output of 1.7 million mt. ....
Hiap Teck Venture Bhd stated that its 23.7% owned joint-venture (JV) company, Eastern Steel Sdn Bhd (ESSB), will increase production capacity to 2.7 million tonnes of steel slabs and billets per annum. ....