KUALA LUMPUR: Shares in Masteel’s traded at the top of the gainers’ list on Bursa Malaysia after the company posted over 30-fold rise in third quarter net profit.

Masteel shares traded 15.5%, or 20 sen higher at RM1.52, its all time high. It is also one of the top traded counter with 24 million shares traded.

The company’s net profit for the third quarter surged by more than 30 times to RM38.67mil from RM1.24 million a year ago, thanks to higher selling prices of steel bar and increased sales volume.

Revenue for the third quarter ended Sept 30, 2017 grew 45.7% to RM401.4mil from RM275.4mil a year ago.

3Q17 Financial Results

Bonus Issues

We refer to the announcements dated 25 May 2017, 26 May 2017, 9 June 2017, 17 July 2017 and 30 October 2017 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 21 November 2017 submitted an application for an extension of time of 6 months up to 8 June 2018 to complete the implementation of the Private Placement.

This announcement is dated 21 November 2017.

（吉隆坡10日讯）第3季业绩受看好，马钢铁工程有限公司（MASTEEL，5098，工业产品组）交投炽热。

闭市时，该股起3仙或2.31%，报1.33令吉，共673万3100股成交。

丰隆投资银行研究在报告中指出，市场预期马钢铁工程在内的钢筋公司在第3季表现更佳，得益于本地钢筋走强，以及赚幅扩大，因价格在9月触及每吨2700令吉的多年高位，目前则回跌至2450令吉，而原料价格保持低迷。

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017, the announcement of the signing of the Subscription Agreement dated 17 July 2017 and the announcement of the signing of the Supplemental Agreement dated 30 October 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 6 November 2017 received the 14th Subscription Notice from Macquarie Bank for the subscription of 2,500,000 Masteel Shares at a subscription price of RM1.139. The said subscription price represents a discount of approximately 8.97% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 3 November 2017 of RM1.2513.

Accordingly, the Company will issue and allot 2,500,000 Masteel Shares to Macquarie on 7 November 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 9 November 2017.

This announcement is dated 6 November 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017, the announcement of the signing of the Subscription Agreement dated 17 July 2017 and the announcement of the signing of the Supplemental Agreement dated 30 October 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 31 October 2017 received the 13th Subscription Notice from Macquarie Bank for the subscription of 2,500,000 Masteel Shares at a subscription price of RM1.166. The said subscription price represents a discount of approximately 9.04% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 30 October 2017 of RM1.2819.

Accordingly, the Company will issue and allot 2,500,000 Masteel Shares to Macquarie on 1 November 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 3 November 2017.

This announcement is dated 31 October 2017.

Fund Raising

Particulars of substantial Securities Holder

Details of changes

The indirect interest is registered in the name of TYY Resources Sdn Bhd. Deemed interest pursuant to Section 8(4) of the Companies Act 2016 by virtue of his interest in TYY Resources Sdn Bhd.

The percentage of indirect interest is based on the enlarged total number of issued shares of 309,737,043 after the bonus issue less 893,800 shares held as treasury shares.

Particulars of substantial Securities Holder

Details of changes

The indirect interest is registered in the name of TYY Resources Sdn Bhd. Deemed interest pursuant to Section 8(4) of the Companies Act 2016 by virtue of his interest in TYY Resources Sdn Bhd.

The percentage of indirect interest is based on the enlarged total number of issued shares of 309,737,043 after the bonus issue less 893,800 shares held as treasury shares.

Particulars of substantial Securities Holder

Details of changes

The indirect interest are registered in the name of the following shareholders:-
(i) TYY Resources Sdn Bhd (96,169,462 shares)
-Deemed interest by virtue of her substantial shareholdings in TYY Resources Sdn Bhd.
(ii) Kemajuan Rekacekap Sdn Bhd (7,871,599 shares)
- Deemed interest by virtue of her substantial shareholdings in Kemajuan Rekacekap Sdn Bhd.

The percentage of indirect interest is based on the enlarged total number of issued shares of 309,737,043 after the bonus issue less 893,800 shares held as treasury shares.

Particulars of substantial Securities Holder

Details of changes

The percentage of direct interest is based on the enlarged total number of issued shares of 309,737,043 after bonus issue less 893,800 shares held as treasury shares.

Notes:-

* Deemed interest pursuant to Section 8(4) of the Companies Act 2016 by virtue of his interest in TYY  Resources Sdn Bhd.

# Based on the enlarged total number of issued shares of 309,737,043 after the bonus issue less 893,800 shares held as treasury shares.

This announcement is dated 29 September 2017.

Particulars of Director

Details of changes

Bonus Issue on the basis of 1 bonus share for every 5 existing ordinary shares held.

Indirect Interest

We refer to the announcements dated 25 May 2017, 26 May 2017, 9 June 2017, 13 September 2017 and 28 September 2017 in relation to the Bonus Issue and the circular to shareholders dated 31 May 2017. Unless otherwise defined, the definitions set out in the circular to shareholders dated 31 May 2017 shall apply herein.

On behalf of the Board, RHB Investment Bank wishes to announce that 51,622,840 Bonus Shares were listed and quoted on the Main Market of Bursa Securities on 29 September 2017, marking the completion of the Bonus Issue.

This announcement is dated 29 September 2017.

We refer to the announcements dated 25 May 2017, 26 May 2017, 9 June 2017 and 13 September 2017 in relation to the Bonus Issue and the circular to shareholders dated 31 May 2017. Unless otherwise defined, the definitions set out in the circular to shareholders dated 31 May 2017 shall apply herein.

On behalf of the Board, RHB Investment Bank wishes to announce that 51,622,840 Bonus Shares will be issued pursuant to the Bonus Issue and will be listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on Friday, 29 September 2017.

This announcement is dated 28 September 2017.

Bonus Issue of up to 53,791,760 new ordinary shares in Malaysia Steel Works (KL) Bhd (“Masteel”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 5 existing ordinary shares held in Masteel (“Masteel Share(s)” or “Share(s)”) at 5.00 p.m. on 28 September 2017.

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 26 Sep 2017
2)    The last date of lodgment : 28 Sep 2017
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a)    Selling Broker to deduct <1/6>, of Selling Price against the Selling Client
b)    Buying Broker to deduct <16.66%>, of Purchase Price against the Buying Client
c)    Between Broker and Broker, the deduction of <1/6>, of the Transacted Price is applicable.

Remarks 1: “Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 28 September 2017 with bonus issue of MASTEEL shares, any shareholder who is entitled to receive MASTEEL bonus issue shares, may sell any or all of his MASTEEL shares arising from the bonus issue beginning the Ex-Date (26 September 2017).

For example, if Mr X purchases 500 MASTEEL shares on cum basis on 25 September 2017, Mr X should receive 500 shares on 28 September 2017. As a result of the bonus issue, a total of 600 MASTEEL  shares will be credited into Mr X’s CDS account on the night of 28 September 2017 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 600 on or after the Ex-Date i.e. from 26 September 2017 onwards.”

Remarks 2: The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 29 September 2017, being 1 market day after the Entitlement Date. The Share Registrar of Masteel will issue and despatch notices of allotment of the Bonus Shares to all entitled shareholders of Masteel within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 7 September 2017 received the 12th Subscription Notice from Macquarie Bank for the subscription of 3,500,000 Masteel Shares at a subscription price of RM1.0647. The said subscription price represents a discount of approximately 8.51% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 6 September 2017 of RM1.1637.

Accordingly, the Company will issue and allot 3,500,000 Masteel Shares to Macquarie on 8 September 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 12 September 2017.

This announcement is dated 7 September 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 5 September 2017 received the 11th Subscription Notice from Macquarie Bank for the subscription of 3,000,000 Masteel Shares at a subscription price of RM1.036. The said subscription price represents a discount of approximately 9.04% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 30 August 2017 of RM1.1389.

Accordingly, the Company will issue and allot 3,000,000 Masteel Shares to Macquarie on 6 September 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 8 September 2017.

This announcement is dated 5 September 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 25 August 2017 received the 10th Subscription Notice from Macquarie Bank for the subscription of 2,000,000 Masteel Shares at a subscription price of RM1.014. The said subscription price represents a discount of approximately 8.96% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 24 August 2017 of RM1.1138.

Accordingly, the Company will issue and allot 2,000,000 Masteel Shares to Macquarie on 28 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 30 August 2017.

This announcement is dated 25 August 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 24 August 2017 received the 9th Subscription Notice from Macquarie Bank for the subscription of 1,000,000 Masteel Shares at a subscription price of RM1.006. The said subscription price represents a discount of approximately 8.98% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 23 August 2017 of RM1.1053.

Accordingly, the Company will issue and allot 1,000,000 Masteel Shares to Macquarie on 25 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 29 August 2017.

This announcement is dated 24 August 2017.

2Q17 Financial Results

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 21 August 2017 received the 8th Subscription Notice from Macquarie Bank for the subscription of 700,000 Masteel Shares at a subscription price of RM0.995. The said subscription price represents a discount of approximately 9.00% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 18 August 2017 of RM1.0934.

Accordingly, the Company will issue and allot 700,000 Masteel Shares to Macquarie on 22 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 24 August 2017.

This announcement is dated 21 August 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 17 August 2017 received the 7th Subscription Notice from Macquarie Bank for the subscription of 600,000 Masteel Shares at a subscription price of RM1.0035. The said subscription price represents a discount of approximately 8.77% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 16 August 2017 of RM1.10.

Accordingly, the Company will issue and allot 600,000 Masteel Shares to Macquarie on 18 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 22 August 2017.

This announcement is dated 17 August 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 9 August 2017 received the 6th Subscription Notice from Macquarie Bank for the subscription of 2,000,000 Masteel Shares at a subscription price of RM0.947. The said subscription price represents a discount of approximately 9.04% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 8 August 2017 of RM1.0411.

Accordingly, the Company will issue and allot 2,000,000 Masteel Shares to Macquarie on 10 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 14 August 2017.

This announcement is dated 9 August 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcements made by the Company on 25 May 2017, 26 May 2017, 31 May 2017, 9 June 2017, 17 July 2017, 24 July 2017, 27 July 2017, 2 August 2017 and 7 August 2017 in relation to the Private Placement.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 8 August 2017 received a Subscription Notice from Macquarie Bank for the subscription of 600,000 Masteel Shares at a subscription price of RM0.941. This subscription price represents a discount of approximately 9.05% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 7 August 2017 of RM1.0346.

Accordingly, the Company will issue and allot 600,000 Masteel Shares to Macquarie on 9 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 11 August 2017.

This announcement is dated 8 August 2017.

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcements made by the Company on 25 May 2017, 26 May 2017, 31 May 2017, 9 June 2017, 17 July 2017, 24 July 2017, 27 July 2017 and 2 August 2017 in relation to the Private Placement.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 7 August 2017 received a Subscription Notice from Macquarie Bank for the subscription of 275,000 Masteel Shares at a subscription price of RM0.939. This subscription price represents a discount of approximately 8.96% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 4 August 2017 of RM1.0314.

Accordingly, the Company will issue and allot 275,000 Masteel Shares to Macquarie on 8 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 10 August 2017.

This announcement is dated 10 August 2017.