Malaysia Steel Manufacturer   

Author Archive

Fund Raising

Tuesday, July 6th, 2021

Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement.

On behalf of the Board, M&A Securities wishes to announce that Bursa Securities had vide its letter dated 6 July 2021 resolved to grant Masteel an extension of time until 14 January 2022 to complete the implementation of the Rights Issue with Warrants.

This announcement is dated 6 July 2021.

Fund Raising

Wednesday, June 30th, 2021

Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement.

On behalf of the Board, M&A Securities wishes to announce that an application has been submitted to Bursa Securities to seek an extension of time of 6 months up to 14 January 2022 to implement the Rights Issue with Warrants.

This announcement is dated 30 June 2021.

Postponement of the Forty-Ninth Annual General Meeting

Tuesday, June 15th, 2021
The Company had on 28 April 2021 issued the notice of its Forty-Ninth Annual General Meeting (“49th AGM”) of the Company to be conducted through live streaming from the Broadcast Venue via Remote Participation and Voting Facilities at Masteel Meeting Room, Unit B-05-3A, 5th Floor, Block B (West Wing) PJ8 Office Suite, No. 23, Jalan Barat Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan Malaysia on Thursday, 17 June 2021.  

On 28 May 2021, the Government of Malaysia announced the implementation of “total lockdown” from 1 June 2021 to 14 June 2021 and is now further extended to 28 June 2021 to combat the spread of the COVID-19 virus in Malaysia.  

Due to the increasing number of COVID-19 cases especially in Klang Valley (Selangor & Wilayah Persekutuan) and the safety of our Board Members and Senior Management is of great concern, the Board of Directors would like to postpone the 49th AGM which was originally scheduled to be held on Thursday, 17 June 2021 to a later date in accordance with the Company’s Constitution.  

The decision also was made after taking into account the provision and facilitation of a better and meaningful engagement with shareholders at the 49th AGM of the Company where the Chairman and the Principal Board Members can be present at the Broadcast Venue to ensure seamless experience for shareholders. 

The Company will submit an application to the Companies Commission of Malaysia for an extension of time to hold its 49th AGM pursuant to Section 340(4) of the Companies Act 2016. 

Meanwhile, the Company will closely monitor the development of COVID-19 and announce the date of convening the 49th AGM in due course.

This announcement is dated 15 June 2021.

1Q21 Financial Results

Thursday, May 27th, 2021
Masteel-1Q-2021

Notice of Sale or Cancellation of Treasury Shares

Tuesday, May 18th, 2021
Date of shares sold from04 May 2021 to 05 May 2021
CurrencyMalaysian Ringgit (MYR)
Number of treasury shares sold/transferred/distributed (units)1,222,600
The minimum price at which the treasury shares were sold ($$)0.790
The maximum price at which the treasury shares were sold ($$)0.895
Total consideration received for the treasury shares sold ($$)1,042,362.18
The name of the Stock Exchange through which the treasury shares were soldBURSA MALAYSIA SECURITIES BERHAD
Total number of shares still in treasury (units)0
Number of treasury shares cancelled (units)0
Total issued capital as diminished0
Date of Notice18 May 2021
Date lodged with registrar of companies18 May 2021
Lodged byBOARDROOM CORPORATE SERVICES SDN BHD

Notice of Sale or Cancellation of Treasury Shares

Friday, May 7th, 2021
Date of shares sold from23 Apr 2021 to 27 Apr 2021
CurrencyMalaysian Ringgit (MYR)
Number of treasury shares sold/transferred/distributed (units)788,000
The minimum price at which the treasury shares were sold ($$)0.635
The maximum price at which the treasury shares were sold ($$)0.670
Total consideration received for the treasury shares sold ($$)506,460.92
The name of the Stock Exchange through which the treasury shares were soldBURSA MALAYSIA SECURITIES BERHAD
Total number of shares still in treasury (units)1,222,600
Number of treasury shares cancelled (units)0
Total issued capital as diminished0
Date of Notice07 May 2021
Date lodged with registrar of companies07 May 2021
Lodged byBOARDROOM CORPORATE SERVICES SDN BHD

FUNd Raising – Rights Issue with Warrants

Thursday, May 6th, 2021
Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement. M&A Securities Sdn Bhd on behalf of the Board is pleased to announce that the Board has resolved to fix the issue price for the Rights Shares at RM0.586 per Rights Share, and the exercise price of the Warrants at RM0.586 per Warrant. The issue price of the Rights Shares and the exercise price of the Warrants were determined by the Board after taking into consideration, amongst others, the following: (i)         the historical share price movement of Masteel Shares;(ii)        the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 of RM0.7810, being the market day immediately preceding the date of this announcement; and(iii)       the theoretical ex-all price of Masteel Shares of RM0.6835, calculated based on the 5D-VWAMP of Masteel Shares in (ii). The issue price of the Rights Shares and the exercise price of the Warrants represent a discount of 25.0% and 14.3% to the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 (being the market day immediately preceding the date of this announcement) of RM0.7810 and the theoretical ex-all price of Masteel Shares of RM0.6835, respectively. Premised on the above, the Board is of the view that the issue price of the Rights Shares and the exercise price of the Warrants are fair. This announcement is dated 6 May 2021.

Immediate Announcement of Changes in Treasury Shares

Wednesday, May 5th, 2021
Date of transaction05 May 2021
CurrencyMalaysian Ringgit (MYR)
Type of changesResale
Total number of treasury shares changed (units)910,000
Minimum price paid for each share sold ($$)0.850
Maximum price paid for each share sold ($$)0.895
Total consideration received ($$)792916.33
Total number of treasury shares held after the resale or transfer0
Adjusted issued capital after cancellation (no. of shares) (units)452,739,831

Immediate Announcement of Changes in Treasury Shares

Tuesday, May 4th, 2021
Date of transaction04 May 2021
CurrencyMalaysian Ringgit (MYR)
Type of changesResale
Total number of treasury shares changed (units)312,600
Minimum price paid for each share sold ($$)0.790
Maximum price paid for each share sold ($$)0.840
Total consideration received ($$)249445.85
Total number of treasury shares held after the resale or transfer910,000
Adjusted issued capital after cancellation (no. of shares) (units)452,739,831

Annual Report & CG Report – 2020

Friday, April 30th, 2021
MasteelAR20

Home
Infozone
Corporate Information
Dividends & Capital Changes
Financial Calendar
Management
Business
News Room
Exchange Filings
Board Charter
Whistle Blower Policy
Corporate Governance
Audit Committee
Nomination Committee
Remuneration Policy
Terms of Reference
Code of Conduct
 
Downloads
Corporate Presentation
Circulars & Prospectuses
Annual Reports
Analyst Reports
 
Financials
Balance Sheet
Income Statement
Quarterly Earnings
 
Corporate Website
 
Contact Information