Malaysia Steel Manufacturer   

Archive for the ‘Exchange Filings’ Category

Proposed Renewal of Share Buy-Back

Wednesday, April 5th, 2023

The Board of Directors of Masteel wishes to announce that the Company proposes to seek shareholders’ approval for the proposed renewal of authority for the Company to purchase its own ordinary shares (“Proposed Renewal of Share Buy-Back”) at the forthcoming Fifty-First Annual General Meeting of the Company.

 

A Statement to Shareholders containing details in relation to the Proposed Renewal of Share Buy-Back and the Annual Report of the Company for the financial year ended 31 December 2022 will be made available to the shareholders in due course.

 

This announcement is dated 5 April 2023.

 

4Q22 Financial Results

Monday, February 27th, 2023
4Q22 Financial Results

Press Release

Tuesday, January 31st, 2023

Press Release

Notice of Shares Buy Back by a Company

Friday, January 13th, 2023
MALAYSIA STEEL WORKS (KL) BHD

 

Date of buy back from 30 Dec 2022
Date of buy back to 30 Dec 2022
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 500,000
Minimum price paid for each share purchased ($$) 0.375
Maximum price paid for each share purchased ($$) 0.380
Total amount paid for shares purchased ($$) 189,656.38
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units) 500,000
Total number of shares retained in treasury (units) 1,840,000
Number of shares purchased which were cancelled (units) 0
Total issued capital as diminished 0
Date of Notice 13 Jan 2023
Date lodged with registrar of companies 13 Jan 2023
Lodged by BOARDROOM CORPORATE SERVICES SDN BHD

 

Immediate Announcement on Shares Buy Back

Friday, December 30th, 2022
MALAYSIA STEEL WORKS (KL) BHD

 

Date of buy back 30 Dec 2022
Description of shares purchased Ordinary
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 500,000
Minimum price paid for each share purchased ($$) 0.375
Maximum price paid for each share purchased ($$) 0.380
Total consideration paid ($$) 189,656.38
Number of shares purchased retained in treasury (units) 500,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 1,840,000
Adjusted issued capital after cancellation
(no. of shares) (units)
679,109,746
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.27094

 

3Q22 Financial Results

Tuesday, November 29th, 2022
3Q22 Financial Results

Notice of Shares Buy Back by a Company

Friday, November 25th, 2022
MALAYSIA STEEL WORKS (KL) BHD

 

Date of buy back from 14 Nov 2022
Date of buy back to 15 Nov 2022
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 380,000
Minimum price paid for each share purchased ($$) 0.260
Maximum price paid for each share purchased ($$) 0.260
Total amount paid for shares purchased ($$) 99,560.44
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units) 380,000
Total number of shares retained in treasury (units) 1,340,000
Number of shares purchased which were cancelled (units) 0
Total issued capital as diminished 0
Date of Notice 25 Nov 2022
Date lodged with registrar of companies 25 Nov 2022
Lodged by BOARDROOM CORPORATE SERVICES SDN BHD

 

Immediate Announcement on Shares Buy Back

Tuesday, November 15th, 2022
MALAYSIA STEEL WORKS (KL) BHD

 

Date of buy back 15 Nov 2022
Description of shares purchased Ordinary
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 190,000
Minimum price paid for each share purchased ($$) 0.260
Maximum price paid for each share purchased ($$) 0.260
Total consideration paid ($$) 49,780.22
Number of shares purchased retained in treasury (units) 190,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 1,340,000
Adjusted issued capital after cancellation
(no. of shares) (units)
679,109,746
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.19732

 

Immediate Announcement on Shares Buy Back

Monday, November 14th, 2022
MALAYSIA STEEL WORKS (KL) BHD

 

Date of buy back 14 Nov 2022
Description of shares purchased Ordinary
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 190,000
Minimum price paid for each share purchased ($$) 0.260
Maximum price paid for each share purchased ($$) 0.260
Total consideration paid ($$) 49,780.22
Number of shares purchased retained in treasury (units) 190,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 1,150,000
Adjusted issued capital after cancellation
(no. of shares) (units)
679,109,746
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.16934

 

2Q22 Financial Results

Thursday, August 25th, 2022

Change in Boardroom

Friday, July 1st, 2022
MALAYSIA STEEL WORKS (KL) BHD
Date of change01 Jul 2022
NamePUAN ZUERAINI BINTI AHMAD BASRI
Age48
GenderFemale
NationalityMalaysia
DesignationIndependent Director
DirectorateIndependent and Non Executive
Type of changeAppointment

Qualifications

NoQualificationsMajor/Field of StudyInstitute/UniversityAdditional Information
1MastersFinanceRoyal Melbourne Institute of Technology University
2DegreeBusiness Administration, Finance & Organisational BehaviorUniversity of Missouri-St.Louis
Working experience and occupationPuan Zueraini Binti Ahmad Basri (“Puan Zueraini”) has over 23 years of risk management experience in financial institutions covering financial and non-financial risk management in both local and foreign banks. Puan Zueraini has applied her extensive experience to set-up integrated risk management as the pioneering Chief Risk Officer for BMW Financial Services Malaysia and Singapore. She currently oversees retail and commercial credit risk, operational risk, enterprise risk, market risk and business continuity management for BMW Financial Services. In her banking days, she covered credit evaluation across commercial, corporate and investment segments, within conventional and Islamic banking. Given the breadth of her exposure, she supports business strategies through forward looking risk management practices and encourages enterprise wide risk management approach for organisations.
Directorships in public companies and listed issuers (if any)None.
Family relationship with any director and/or major shareholder of the listed issuerNone.
Any conflict of interests that he/she has with the listed issuerNone.
Details of any interest in the securities of the listed issuer or its subsidiariesNone.

GENERAL MEETINGS: Outcome of Meeting

Thursday, June 16th, 2022
MALAYSIA STEEL WORKS (KL) BHD
Type of MeetingGeneral
IndicatorOutcome of Meeting
Date of Meeting16 Jun 2022
Time02:00 PM
Venue(s)Broadcast Venue 
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
Outcome of MeetingThe Board of Directors of Malaysia Steel Works (KL) Bhd (“the Company”) is pleased to announce that all the resolutions set out in the Notice of the Fiftieth Annual General Meeting (“50th AGM”) of the Company dated 29 April 2022 were duly passed by the shareholders at the 50th AGM of the Company held earlier today. All the resolutions were voted on by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the poll results are set out below. This announcement is dated 16 June 2022.   
Voting Results
1. Ordinary Resolution 1 
DescriptionTo approve the Directors’ fees up to an aggregate amount of RM180,000.00 for the financial year ending 31 December 2022 and benefit payable to the Directors up to an aggregate amount of RM496,000.00 from 16 June 2022 until the next AGM of the Company and the payment thereof.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders19451
No. of Shares242,064,743140,797
% of Voted Shares99.94190.0581
ResultAccepted
2. Ordinary Resolution 2 
DescriptionTo re-elect Dato’ Ikhwan Salim Bin Dato’ Haji Sujak who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21037
No. of Shares243,536,81493,727
% of Voted Shares99.96150.0385
ResultAccepted
3. Ordinary Resolution 3 
DescriptionTo re-elect Mr. Ng Wah Lok who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21335
No. of Shares243,539,69692,125
% of Voted Shares99.96220.0378
ResultAccepted
4. Ordinary Resolution 4
DescriptionTo re-elect Mr. Ong Teng Chun who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21334
No. of Shares243,539,69692,124
% of Voted Shares99.96220.0378
ResultAccepted
5. Ordinary Resolution 5
DescriptionTo re-appoint RSM Malaysia PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21630
No. of Shares243,574,58055,959
% of Voted Shares99.97700.0230
ResultAccepted
6. Ordinary Resolution 6
DescriptionProposed continuation in office of Dato’ Ikhwan Salim Bin Dato’ Haji Sujak as Independent Non-Executive Director.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21038
No. of Shares243,536,81495,007
% of Voted Shares99.96100.0390
ResultAccepted
7. Ordinary Resolution 7
DescriptionProposed continuation in office of Mr. Ng Wah Lok as Senior Independent Non-Executive Director.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21335
No. of Shares243,539,69692,125
% of Voted Shares99.96220.0378
ResultAccepted
8. Ordinary Resolution 8 
DescriptionProposed continuation in office of Encik Muhammad Hanizam Bin Hj. Borhan as Independent Non-Executive Director.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders20938
No. of Shares243,535,81494,727
% of Voted Shares99.96110.0389
ResultAccepted
9. Ordinary Resolution 9 
DescriptionProposed Renewal of Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21233
No. of Shares243,564,54160,832
% of Voted Shares99.97500.0250
ResultAccepted
10. Ordinary Resolution 10 
DescriptionProposed Renewal of Authority under Sections 75 and 76 of the Act and the Constitution of the Company for the Directors to allot and issue shares.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders20739
No. of Shares243,433,718198,093
% of Voted Shares99.91870.0813
ResultAccepted

Press Release

Thursday, May 26th, 2022

1Q22 Financial Results

Thursday, May 26th, 2022

Annual Report & CG Report – 2021

Friday, April 29th, 2022

Share Buy-Back Statement

Friday, April 29th, 2022

GENERAL MEETINGS: Notice of Meeting

Thursday, April 28th, 2022

Proposed Renewal of Share Buy-Back

Thursday, April 7th, 2022
MALAYSIA STEEL WORKS (KL) BHD
TypeAnnouncement
SubjectOTHERS
DescriptionMALAYSIA STEEL WORKS (KL) BHD (“Masteel” or “Company”) – PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN ORDINARY SHARES OF UP TO TEN PER CENTUM (10%) OF ITS TOTAL NUMBER OF ISSUED SHARES
The Board of Directors of Masteel wishes to announce that the Company proposes to seek shareholders’ approval for the proposed renewal of authority for the Company to purchase its own ordinary shares (“Proposed Renewal of Share Buy-Back”) at the forthcoming Fiftieth Annual General Meeting of the Company.
A Statement to Shareholders containing details in relation to the Proposed Renewal of Share Buy-Back and the Annual Report of the Company for the financial year ended 31 December 2021 will be made available to the shareholders in due course.
This announcement is dated 7 April 2022.

Notice of Shares Buy Back by a Company 

Friday, March 18th, 2022
MALAYSIA STEEL WORKS (KL) BHD
Date of buy back from04 Mar 2022
Date of buy back to04 Mar 2022
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)615,000
Minimum price paid for each share purchased ($$)0.325
Maximum price paid for each share purchased ($$)0.330
Total amount paid for shares purchased ($$)201,083.20
The name of the stock exchange through which the shares were purchasedBursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)615,000
Total number of shares retained in treasury (units)960,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date of Notice18 Mar 2022
Date lodged with registrar of companies18 Mar 2022
Lodged byBOARDROOM CORPORATE SERVICES SDN BHD

Immediate Announcement on Shares Buy Back

Friday, March 4th, 2022
MALAYSIA STEEL WORKS (KL) BHD
Date of buy back04 Mar 2022
Description of shares purchasedOrdinary
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)615,000
Minimum price paid for each share purchased ($$)0.325
Maximum price paid for each share purchased ($$)0.330
Total consideration paid ($$)201,083.20
Number of shares purchased retained in treasury (units)615,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)960,000
Adjusted issued capital after cancellation 
(no. of shares) (units)
679,109,746
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%)0.14136

4Q21 Financial Results

Friday, February 25th, 2022
Masteel-4Q-2021

Press Release

Friday, February 25th, 2022
Masteel-4Q2021-Press-Release

MATERIAL LITIGATION

Monday, December 20th, 2021
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 30 August 2019, 5 September 2019 and 10 December 2021. 

The Board of Directors of Masteel wishes to announce that Safety Capital Sdn Bhd (“Safety Capital“) has filed a Notice of Appeal to the Court of Appeal against the decision of the Shah Alam High Court dated 10 December 2021 which dismissed Safety Capital’s claim against the Company for inter alia RM10,681,000.00, with costs of RM80,000.00 to be paid by Safety Capital to the Company. 

To date, there is no financial and operational impact arising from the Appeal and the Company will make further announcements as and when material developments arise. 

This announcement is dated 20 December 2021.

MATERIAL LITIGATION

Friday, December 10th, 2021
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 30 August 2019 and 5 September 2019. 

The Board of Directors of Masteel wishes to announce that Safety Capital Sdn Bhd’s (“Safety Capital”) Claim for RM10,681,000.00 with interest and costs against the Company was dismissed today by the Shah Alam High Court, which held that Safety Capital had failed to prove its case on a balance of probabilities against the Company. In dismissing the Claim, the High Court ordered costs of RM80,000.00 to be paid by Safety Capital to the Company. 

To date, there is no financial and operational impact arising from the Claim. 

This announcement is dated 10 December 2021.

Notice of Shares Buy Back by a Company

Friday, December 10th, 2021
MALAYSIA STEEL WORKS (KL) BHD
Date of buy back from26 Nov 2021
Date of buy back to26 Nov 2021
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)345,000
Minimum price paid for each share purchased ($$)0.285
Maximum price paid for each share purchased ($$)0.290
Total amount paid for shares purchased ($$)100,573.22
The name of the stock exchange through which the shares were purchasedBursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)345,000
Total number of shares retained in treasury (units)345,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date of Notice10 Dec 2021
Date lodged with registrar of companies10 Dec 2021
Lodged byBOARDROOM CORPORATE SERVICES SDN BHD

Immediate Announcement on Shares Buy Back

Friday, November 26th, 2021
MALAYSIA STEEL WORKS (KL) BHD
Date of buy back26 Nov 2021
Description of shares purchasedOrdinary
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)345,000
Minimum price paid for each share purchased ($$)0.285
Maximum price paid for each share purchased ($$)0.290
Total consideration paid ($$)100,573.22
Number of shares purchased retained in treasury (units)345,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)345,000
Adjusted issued capital after cancellation 
(no. of shares) (units)
679,109,746
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%)0.05080

Change in Remuneration Committee

Wednesday, November 24th, 2021
MALAYSIA STEEL WORKS (KL) BHD
Type of Board CommitteeRemuneration Committee
Date of change24 Nov 2021
SalutationENCIK
NameMUHAMMAD HANIZAM BIN HJ. BORHAN
Age48
GenderMale
NationalityMalaysia
Type of changeAppointment 
DesignationChairman of Remuneration Committee
DirectorateIndependent and Non Executive
Composition of Remuneration Committee(Name and Directorate of members after change)Chairman:- Encik Muhammad Hanizam Bin Hj. Borhan (Independent Non-Executive Director) Members:- Mr Ng Wah Lok (Senior Independent Non-Executive Director) Mr Roy Thean Chong Yew (Independent Non-Executive Director)

Change in Remuneration Committee

Wednesday, November 24th, 2021
MALAYSIA STEEL WORKS (KL) BHD
Type of Board CommitteeRemuneration Committee
Date of change24 Nov 2021
SalutationDATO’
NameIKHWAN SALIM BIN DATO’ HAJI SUJAK
Age65
GenderMale
NationalityMalaysia
Type of changeResignation
DesignationChairman of Remuneration Committee
DirectorateIndependent and Non Executive
Composition of Remuneration Committee(Name and Directorate of members after change)Chairman:- – Members:- Mr Ng Wah Lok (Senior Independent Non-Executive Director) Mr Roy Thean Chong Yew (Independent Non-Executive Director)

3Q21 Financial Results

Wednesday, November 24th, 2021
Masteel-3Q-2021

Change in the Interest of Substantial Shareholder

Friday, October 29th, 2021

Particulars of substantial Securities Holder

NameESTATE OF TAI CHET SIANG, DECEASED
Nationality/Country of incorporationMalaysia
Descriptions (Class)Ordinary shares

Details of changes

NoDate of changeNo of securitiesType of TransactionNature of Interest
122 Oct 202172,346,284OthersIndirect Interest
Name of registered holderTYY RESOURCES SDN. BHD.
Description of “Others” Type of TransactionRights Issue
Circumstances by reason of which change has occurredSubscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held.
Nature of interestIndirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)213,038,900
Indirect/deemed interest (%)31.37
Total no of securities after change213,038,900
Date of notice28 Oct 2021
Date notice received by Listed Issuer29 Oct 2021
Remarks :
The indirect interest is registered in the name of TYY Resources Sdn. Bhd. Deemed interest pursuant to Section 8(4) of Companies Act 2016 by virtue of his interest in TYY Resources Sdn. Bhd. The percentage of indirect interest is based on the total number of issued shares of 679,109,746 Ordinary Shares.

Rights Issue with Warrants

Wednesday, October 27th, 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 the Rights Issue with Warrants has been completed following the listing and quotation of 226,369,915 Rights Shares and 226,369,915 Warrants on the Main Market of Bursa Securities today.

This announcement is dated 27 October 2021.

Change in the Interest of Substantial Shareholder

Wednesday, October 27th, 2021

Particulars of substantial Securities Holder

NameDATIN NG PIK LIAN
Nationality/Country of incorporationMalaysia
Descriptions (Class)Ordinary shares

Details of changes

NoDate of changeNo of securitiesType of TransactionNature of Interest
122 Oct 202172,346,284OthersIndirect Interest
Name of registered holderTYY RESOURCES SDN. BHD.
Description of “Others” Type of TransactionRights Issue
Circumstances by reason of which change has occurredSubscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held.
Nature of interestIndirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)223,534,365
Indirect/deemed interest (%)32.916
Total no of securities after change
Date of notice26 Oct 2021
Date notice received by Listed Issuer27 Oct 2021
Remarks :
After the change, the indirect interest are registered as follows:- (i) TYY Resources Sdn. Bhd. (213,038,900 shares) – Deemed interest by virtue of her substantial shareholdings in TYY Resources Sdn. Bhd. (ii) Kemajuan Rekacekap Sdn. Bhd. (10,495,465 shares) – Deemed interest by virtue of her substantial shareholdings in Kemajuan Rekacekap Sdn. Bhd. The percentage of indirect interest is based on the total number of issued shares of 679,109,746 Ordinary Shares.

Rights Issue with Warrants

Tuesday, October 26th, 2021

Please be advised that:

1) MASTEEL’s additional 226,369,915 new ordinary shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 27 October 2021; and

2) MASTEEL’s 226,369,915 new Warrants issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing of and quotation for the Warrants on the Main Market will be granted with effect from 9.00 a.m., Wednesday, 27 October 2021.

The Stock Short Name, Stock Number and ISIN Code of the Warrants are “MASTEEL-WB”, “5098WB” and “MYL5098WB6A6” respectively.

Changes in Director’s Interest

Tuesday, October 26th, 2021

Particulars of Director

NameDATO’ SRI TAI HEAN LENG @ TEK HEAN LENG
Descriptions(Class)Ordinary Shares

Details of changes

NoDate of changeNo of securitiesType of transactionNature of Interest
122/10/2021475,000OthersDirect Interest
Name of registered holderDATO’ SRI TAI HEAN LENG @ TEK HEAN LENG
Description of “Others” Type of TransactionRights Issue
Consideration (if any)
222/10/202172,346,284OthersIndirect Interest
Name of registered holderTYY RESOURCES SDN. BHD.
Description of “Others” Type of TransactionRights Issue
Consideration (if any)
Circumstances by reason of which change has occurredSubscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held.
Nature of interestDirect and Indirect Interest
Total no of securities after change
Direct (units)1,425,000
Direct (%)0.210
Indirect/deemed interest (units)213,038,900
Indirect/deemed interest (%)31.370
Date of notice26/10/2021
Date notice received by Listed Issuer26/10/2021
Remarks :
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 direct and indirect interest are based on the total number of issued shares of 679,109,746 Ordinary Shares. This announcement is also made to comply with Paragraphs 14.08 and 14.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

Change in the Interest of Substantial Shareholder

Tuesday, October 26th, 2021

Particulars of substantial Securities Holder

NameDATO’ SRI TAI HEAN LENG @ TEK HEAN LENG
Nationality/Country of incorporationMalaysia
Descriptions (Class)Ordinary shares

Details of changes

NoDate of changeNo of securitiesType of TransactionNature of Interest
122 Oct 2021475,000OthersDirect Interest
Name of registered holderDATO’ SRI TAI HEAN LENG @ TEK HEAN LENG
Description of “Others” Type of TransactionRights Issue
222 Oct 202172,346,284OthersIndirect Interest
Name of registered holderTYY RESOURCES SDN. BHD.
Description of “Others” Type of TransactionRights Issue
Circumstances by reason of which change has occurredSubscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held.
Nature of interestDirect and Indirect Interest
Direct (units)1,425,000
Direct (%)0.21
Indirect/deemed interest (units)213,038,900
Indirect/deemed interest (%)31.37
Total no of securities after change
Date of notice26 Oct 2021
Date notice received by Listed Issuer26 Oct 2021
Remarks :
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 direct and indirect interest are based on the total number of issued shares of 679,109,746 Ordinary Shares.

Change in the Interest of Substantial Shareholder

Tuesday, October 26th, 2021

Particulars of substantial Securities Holder

NameTYY RESOURCES SDN BHD
AddressUnit B-05-03, 5th Floor, Block B (West Wing) 
PJ8 Office Suite 
No. 23 Jalan Barat, Seksyen 8 
Petaling Jaya 
46050 Selangor 
Malaysia.
Company No.196501000688 (6479-X)
Nationality/Country of incorporationMalaysia
Descriptions (Class)Ordinary shares

Details of changes

NoDate of changeNo of securitiesType of TransactionNature of Interest
122 Oct 202172,346,284OthersDirect Interest
Name of registered holderTYY RESOURCES SDN. BHD.
Address of registered holderUnit B-05-03, 5th Floor, Block B (West Wing), PJ8 Office Suite, No. 23 Jalan Barat, Seksyen 8, 46050 Petaling Jaya, Selangor.
Description of “Others” Type of TransactionRights Issue
Circumstances by reason of which change has occurredSubscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held.
Nature of interestDirect Interest
Direct (units)213,038,900
Direct (%)31.37
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change
Date of notice26 Oct 2021
Date notice received by Listed Issuer26 Oct 2021
Remarks :
The percentage of direct interest is based on the total number of issued shares of 679,109,746 Ordinary Shares.

Rights Issue with Warrants (Amended Announcements)

Thursday, October 21st, 2021

On behalf of the Company, M&A Securities is pleased to announce that at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on 14 October 2021 (“Closing Date”), the Company received valid acceptances and excess applications for a total of 293,131,563 Rights Shares. This represents a subscription level of 129.49% of the total 226,369,915 Rights Shares available under the Rights Issue with Warrants.

Details of valid acceptances and excess applications received as at the Closing Date are as follows:

 No. of Rights Shares% of total issue size
Total valid acceptances205,741,00090.89
Total valid excess applications87,390,56338.60
Total valid acceptances and excess applications293,131,563129.49
Total Rights Shares available for subscription226,369,915100.00
Total oversubscription66,761,64829.49
As the acceptances and excess application received exceeded the issue size of 226,369,915 Rights Shares, the issue size of the Rights Issue with Warrants shall be based on the issue size of 226,369,915 Rights Shares and 226,369,915 Warrants. 

The Excess Rights Shares have been allocated in accordance with the basis stated in the Abridged Prospectus dated 29 September 2021. 

The Rights Shares and Warrants are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 27 October 2021. 

This announcement is dated 21 October 2021.

Rights Issue with Warrants

Thursday, October 21st, 2021

On behalf of the Company, M&A Securities is pleased to announce that at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on 14 October 2021 (“Closing Date”), the Company received valid acceptances and excess applications for a total of 293,131,563 Rights Shares. This represents a subscription level of 129.49% of the total 226,369,915 Rights Shares available under the Rights Issue with Warrants.

Details of valid acceptances and excess applications received as at the Closing Date are as follows:

 No. of Rights Shares
Total valid acceptances205,741,00090.89
Total valid excess applications87,390,56338.60
Total valid acceptances and excess applications293,131,563129.49
Total Rights Shares available for subscription226,369,915100.0
Total oversubscription66,761,64829.49

As the acceptances and excess application received exceeded the issue size of 226,369,915 Rights Shares, the issue size of the Rights Issue with Warrants shall be based on the issue size of 226,369,915 Rights Shares and 226,369,915 Warrants.

The Excess Rights Shares have been allocated in accordance with the basis stated in the Abridged Prospectus dated 29 September 2021.

The Rights Shares and Warrants are expected to be listed on the ACE Market of Bursa Malaysia Securities Berhad on 27 October 2021.

This announcement is dated 21 October 2021.

Prospectus

Wednesday, September 29th, 2021
MasteelProspectus

Press Release

Tuesday, September 28th, 2021
Masteel-2Q21-Press-Release

2Q21 Financial Results

Tuesday, September 28th, 2021
Masteel-2Q-2021

GENERAL MEETINGS: Outcome of Meeting

Thursday, September 23rd, 2021
Type of MeetingGeneral
IndicatorOutcome of Meeting
Date of Meeting23 Sep 2021
Time02:00 PM
Venue(s)Broadcast Venue: 
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
Outcome of MeetingThe Board of Directors of Malaysia Steel Works (KL) Bhd (“the Company”) is pleased to announce that all the resolutions set out in the Notice of Postponement of the Forty-Ninth Annual General Meeting (“Postponed 49th AGM”) of the Company dated 25 August 2021 were duly passed by the shareholders at the Postponed 49th AGM of the Company held earlier today. All the resolutions were voted on by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the poll results are set out below. This announcement is dated 23 September 2021.
Voting Results
1. Ordinary Resolution 1 
DescriptionTo approve the Directors’ fees up to an aggregate amount of RM168,000.00 for the financial year ending 31 December 2021 and benefit payable to the Directors up to an aggregate amount of RM400,600.00 from 23 September 2021 until the next AGM of the Company and the payment thereof.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders19156
No. of Shares168,251,806117,514
% of Voted Shares99.93020.0698
ResultAccepted
2. Ordinary Resolution 2 
DescriptionTo re-elect Dato’ Sri Tai Hean Leng @ Tek Hean Leng who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21634
No. of Shares169,283,08352,636
% of Voted Shares99.96890.0311
ResultAccepted
3. Ordinary Resolution 3 
DescriptionTo re-elect Mr Roy Thean Chong Yew who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21734
No. of Shares169,283,08452,636
% of Voted Shares99.96890.0311
ResultAccepted
4. Ordinary Resolution 4
DescriptionTo re-elect Ms Ng Siew Peng who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21534
No. of Shares169,282,71252,636
% of Voted Shares99.96890.0311
ResultAccepted
5. Ordinary Resolution 5 
DescriptionTo re-appoint Messrs RSM Malaysia as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders22923
No. of Shares169,326,14619,158
% of Voted Shares99.98870.0113
ResultAccepted
6. Ordinary Resolution 6 
DescriptionProposed continuation in office of Dato’ Ikhwan Salim Bin Dato’ Haji Sujak as Independent Non-Executive Director.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21238
No. of Shares169,271,47864,142
% of Voted Shares99.96210.0379
ResultAccepted
7. Ordinary Resolution 7 
DescriptionProposed continuation in office of Mr Ng Wah Lok as Senior Independent Non-Executive Director.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21437
No. of Shares169,271,57964,141
% of Voted Shares99.96210.0379
ResultAccepted
8. Ordinary Resolution 8
DescriptionProposed continuation in office of Encik Muhammad Hanizam Bin Hj, Borhan as Independent Non-Executive Director.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21239
No. of Shares169,271,47764,243
% of Voted Shares99.96210.0379
ResultAccepted
9. Ordinary Resolution 9 
DescriptionProposed Renewal of Authority for the Company to Purchase its own Ordinary Shares.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders22427
No. of Shares169,277,34766,957
% of Voted Shares99.96050.0395
ResultAccepted
10. Ordinary Resolution 10
DescriptionProposed Renewal of Authority under Sections 75 and 76 of the Act and the Constitution of the Company for the Directors to allot and issue shares.
Shareholder’s ActionFor Voting
VotedForAgainst
No. of Shareholders21734
No. of Shares169,255,65780,063
% of Voted Shares99.95270.0473
ResultAccepted

GENERAL MEETINGS: Notice of Meeting (Amended Announcement)

Wednesday, September 15th, 2021
Masteel-Notification-to-Shareholders-Change-of-Broadcast-Venue

Notice of Rights Entitlement

Tuesday, September 14th, 2021

RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”)
 

Kindly be advised of the following :

1)    The Right commence of trading : 30 Sep 2021
2)    The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 01 Oct 2021
3)    The last day and time for Acceptance, Renunciation and Payment : 14 Oct 2021
4)    The Rights cessation quotation : 07 Oct 2021

The Stock Short Name, Number and ISIN Code MASTEEL-OR5098OR and MYL5098OR001

Remarks:-   The last date and time for acceptance, excess application and payment is 14 October 2021 at 5:00 p.m..

Notice of Rights Entitlement (Ratio)

Tuesday, September 14th, 2021

RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”)
 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 28 Sep 2021
2)    The last date of lodgment : 29 Sep 2021
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct<1/3>, of Selling Price against the Selling Client
       b)    Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
       c)    Between Broker and Broker, the deduction of <1/3>, of the Transacted Price is applicable.

Remarks:–  This Abridged Prospectus, together with the notice of provisional allotment and rights subscription forms pursuant to the Rights Issue with Warrants (collectively, the “Documents”) will only be despatched to the entitled shareholders whose names appear in Company’s record of depositors and who have a registered address in Malaysia or who have provided the Company’s share registrar, Securities Services (Holdings) Sdn Bhd (“Share Registrar”), with a registered address in Malaysia in writing (“Entitled Shareholder(s)”) not later than 5.00 p.m. on 29 September 2021.

The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any countries or jurisdictions other than the laws of Malaysia.

The Documents will not be sent to the foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) may collect the Documents from the Company’s Share Registrar, Securities Services (Holdings) Sdn Bhd, in which event the Company’s Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents.

Important Relevant Dates for Renounceable Rights

Monday, September 13th, 2021
Entitlement subjectImportant Relevant Dates for Renounceable Rights
DescriptionRENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”)
Despatch Date01 Oct 2021
Date for commencement of trading of rights30 Sep 2021
Date for cessation of trading of rights07 Oct 2021
Date for announcement of final subscription result and basis of allotment of excess Rights Securities21 Oct 2021
Last date and time for :
Sale of provisional allotment of rights06 Oct 2021 05:00 PM
Transfer of provisional allotment of rights08 Oct 2021 04:30 PM
Acceptance and Payment14 Oct 2021 05:00 PM
Excess share application and payment14 Oct 2021 05:00 PM
Available/Listing Date27 Oct 2021
Rights Securities will be listed and quoted as the existing securities of the same classYes
Other important dates as the listed issuer may deem appropriate
Entitlement Details
Company NameMALAYSIA STEEL WORKS (KL) BHD
EntitlementOrdinary Shares
Ratio (New : Existing)1.0000 : 2.0000
Rights Issue / Offer PriceMalaysian Ringgit (MYR) 0.3950
Fractional Entitlement
Registrar or Service Provider name, address, telephone noSECURITIES SERVICES (HOLDINGS) SDN BHD
Level 7, Menara Milenium 
Jalan Damanlela, Pusat Bandar Damansara 
Damansara Heights 
50490 Kuala Lumpur 
Wilayah Persekutuan 
Malaysia
Tel:0320849000
Fax:0320949940
Remarks :
The last date and time for acceptance, excess application and payment is 14 October 2021 at 5:00 p.m.. This announcement is dated 13 September 2021.

Rights Issue

Monday, September 13th, 2021
Entitlement subjectRights Issue
TypeRenounceable
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”)
Ex-Date28 Sep 2021
Entitlement date29 Sep 2021
Entitlement time5:00 PM
Share transfer book & register of members will be to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor’s Securities Account before 4:30 pm in respect of transfers29 Sep 2021
b.Securities deposited into the Depositor’s Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) 
(If applicable)
Rights Issue/Offer PriceMalaysian Ringgit (MYR) 0.3950
Par Value (if applicable)
Entitlement indicatorRatio
Entitlement Details
Company NameMALAYSIA STEEL WORKS (KL) BHD
EntitlementOrdinary Rights
Ratio (New:Existing)1.0000  : 2.0000
Rights Crediting Date29 Sep 2021
Fractional Entitlement
Registrar or Service Provider name, address, telephone noSECURITIES SERVICES (HOLDINGS) SDN BHD
Level 7, Menara Milenium 
Jalan Damanlela, Pusat Bandar Damansara 
Damansara Heights 
50490 Kuala Lumpur 
Wilayah Persekutuan 
Malaysia
Tel:0320849000
Fax:0320949940
Remarks :
This Abridged Prospectus, together with the notice of provisional allotment and rights subscription forms pursuant to the Rights Issue with Warrants (collectively, the “Documents”) will only be despatched to the entitled shareholders whose names appear in Company’s record of depositors and who have a registered address in Malaysia or who have provided the Company’s share registrar, Securities Services (Holdings) Sdn Bhd (“Share Registrar”), with a registered address in Malaysia in writing (“Entitled Shareholder(s)”) not later than 5.00 p.m. on 29 September 2021. The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any countries or jurisdictions other than the laws of Malaysia. The Documents will not be sent to the foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) may collect the Documents from the Company’s Share Registrar, Securities Services (Holdings) Sdn Bhd, in which event the Company’s Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents. This announcement is dated 13 September 2021.

PRESS STATEMENT TITLED “MASTEEL SIGNS UNDERWRITING AGREEMENT FOR ITS RIGHTS ISSUE WITH WARRANTS EXERCISE TO RAISE RM89.41 MILLION”

Thursday, September 2nd, 2021
Masteel-Press-Release-02.09.2021

Extension of Time for Submission of Quarterly Report

Monday, August 30th, 2021

Following the implementation of full movement control order by the Government of Malaysia to contain the surge of Covid-19 cases in Malaysia, Bursa Malaysia Berhad (“Bursa Malaysia”) had vide its letter dated 16 June 2021 granted an extension of one (1) month’s time for listed issuers to submit their quarterly reports and annual reports which are due on 31 July 2021 and 31 August 2021 respectively.

In consideration of the difficulties in preparing the unaudited quarterly report for the second quarter ended 30 June 2021 (“Unaudited Second Quarterly Report”) during these challenging times, the Board of Masteel wishes to inform that the Company will utilise the extension of time granted by Bursa Malaysia and will ensure that the Unaudited Second Quarterly Report of the Company is issued by 30 September 2021.

This announcement is dated 30 August 2021.

GENERAL MEETINGS: Notice of Meeting (Amended Announcement)

Tuesday, August 24th, 2021
Masteel-Notice-of-Postponed-49th-AGM

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